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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
GJEPC Presents 2nd India Diamond Week
Mumbai:The Gem & Jewellery Export Promotion Council (GJEPC) organized the second edition of India International Diamond Week powered by Gemmological Institute of America (GIA) from 23rd to 25th October 2018 on the sidelines of World Diamond Council (WDC) AGM and World Federation Diamond Bourses’ (WFDB) Meet in Mumbai. This is part of its endeavour to promote the Indian diamond industry globally and improve
Forevermark and Kays Jewels Launch Festive Collection
Kanpur: Forevermark, the diamond brand from the De Beers Group, launches its stunning festive collection in association with Kays Jewels, the leading and most trusted jeweller in Kanpur. Highlighting the exquisite brilliance of a Forevermark diamond, Kays Jewels, has skilfully created masterpieces of necklaces, bracelets, earrings and pendant sets, crafted with exceptional Forevermark diamonds inscribed with a unique inscription number
PNG Jewellers’ Launches 1st Franchise Store in Aundh
Mumbai: India’s jewellery brand, PNG Jewellers has entered the franchising segment with the opening of its first franchise store at Aundh. The store was inaugurated on the occasion of Dussherra on 18th October 2018. For almost two centuries, PNG Jewellers has fulfilled customers’ expectations for generations and build credibility with their superior quality jewellery. The store is strategically located at ITI
CIBJO Focuses on Responsible Sourcing
Bogota: The 2018 CIBJO Congress concluded yesterday in Bogotá, Colombia, after three days of official business, which followed two days of steering committee meetings. The final day of the congress was marked by a visit by Colombia’s Vice President, Marta Lucia Ramirez. Addressing the special session of the congress, which also was attended by about 200 members of the Chamber
Botswana Unearths Massive 1,305 ct. Diamond
Gaborone: Africa’s leading diamond producer, Botswana, has reinforced its status as a global powerhouse in the gemstone industry after a massive 1,305.4-carat diamond was recovered from the country’s renowned Karowe mine, adding yet another extraordinary discovery to its record of producing some of the world’s largest and most valuable diamonds. The stone is categorized as white and is unbroken, the
Forevermark Diamond Jewellery Opens First Store in Bengaluru
Bengaluru: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in South India with the launch of its first store in Bengaluru, marking a significant step in the brand’s retail expansion journey in India. Located at Phoenix Mall of Asia, one of Bengaluru’s premier luxury retail destinations, the new store strengthens Forevermark’s presence in one of the country’s
India–UK Trade Agreement: CoOs Distributed
New Delhi: To commemorate the India–UK trade agreement coming into effect, Mr. Rajesh Agarwal, the Commerce Secretary and Ms. Lindy Cameron, High Commissioner of UK in India distributed Certificates of Origin (COOs) to some of our exporter members at Vanijya Bhawan. Mr. Sabyasachi Ray, Executive Director and Mr. Antarpal Singh, Regional Chairman, Northern Region received the certificates on their behalf
Kirit Bhansali Joins India’s High Level Delegation
Mumbai: Mr. Kirit Bhansali , Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), joins Mr. Piyush Goyal , Hon’ble Minister of Commerce & Industry; Dr. S. Jaishankar , Hon’ble Minister of External Affairs; Mr. Jitin Prasada , Hon’ble Minister of State for Electronics & Information Technology and Commerce & Industry; and Ms. Karen Rentmeesters , CEO, AWDC, at
