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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
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Wallace Chan to Speak at Gem-A Conference 2018
London: Gem-A (the Gemmological Association of Great Britain) will welcome internationally-recognised jewellery artist, Wallace Chan, to its annual Gem-A Conference opening on November 3, 2018. Mr. Chan will be the inaugural speaker at the two-day Conference, which gathers the world’s leading gemmologists, mining specialists, geologists, jewellery collectors, gemstone cutters and jewellery historians to London for a range of insightful talks
GJEPC’s CSR initiative ‘Jewellers for Hope’
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), in association with De Beers and Powered by Gemological Institute of America (GIA), presented the fourth edition of ‘Jewellers for Hope’ on August 9. A gala charity dinner with an avowed objective to collaborate and contribute for the larger cause of preventing the exploitation of the child and as well support the cause of the
GJEPC Signs MOU with Shenzen Diamond Exchange
Mumbai: The Chairman of The Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pramod Agrawal and Vice President of the Shenzen Rough Diamond Exchange (SRDE), Mr. Rong Julius Zheng, yesterday signed an MoU between the two organisations during the India International Jewellery Show (IIJS) 2018 taking place in Mumbai between August 9-13, 2018. The GJEPC also announced that it would
35th Edition of IIJS Inaugurated
Mumbai: Mr. Suresh Prabhu, Union Minister for Commerce & Industry & Civil Aviation through a tele-video address, along with Mr. Gaetano Cavalieri, President of CIBJO, Mr. Pramod Agrawal (Chairman, GJEPC), Mr. Colin Shah Vice Chairman, GJEPC), Shri Shailesh Sangani,(Convener, National Exhibitions GJEPC) Mr. Sabyasachi Ray (ED, GJEPC) , today inaugurated the prestigious 35th edition of the India International Jewellery Show (IIJS). Organised by
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
