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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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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De Beers’ 5th Cycle Worth $575 Million

Gaborone: De Beers sold rough diamonds with a provisional value of $575 million in the fifth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner reported confirmed sales of $554 million in the fourth cycle. Bruce Cleaver, CEO, De Beers Group, said, “Sentiment in the diamond industry’s midstream is positive following the JCK Las Vegas trade show

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ZCDC Future Hangs in the Balance

Harare: Zimbabwe Consolidated Diamond Company (ZCDC)’s future hangs in the balance after the Supreme Court last week dismissed Government’s appeal challenging a High Court decision to allow Mauritius-registered firm Grandwell Holdings to remain at Chiadzwa, according to a report published in The Herald. Grandwell Holdings holds a 50 percent controlling stake in Mbada Diamonds (Pvt) Limited. Then Mines and Mining

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JNA Jewellery Design Competition 2018/19 Kicks off

Hong Kong: JNA of UBM Asia Ltd have launched the JNA Jewellery Design Competition 2018/19 at a dedicated seminar held on the side-lines of the June Hong Kong Jewellery & Gem Fair on 21st June, 2018. Sponsored by Crossfor HK Ltd, Platinum Guild International (PGI) and the Tahitian Pearl Association Hong Kong (TPAHK), the competition recognises and celebrates excellence in

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WDC Committed to Ongoing Changes at 2018 KP

New York: The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, reaffirmed its commitment to driving ongoing positive change through reform at the 2018 KP Intersessional meeting held in Antwerp, Belgium June 18-22. The Intersessional is an annual forum where members gather to

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IIJS Bharat Premiere 2026 Strengthens Nepal Buyer Outreach

Kathmandu: India’s Gem & Jewellery Export Promotion Council (GJEPC) expanded its international buyer outreach for IIJS Bharat Premiere 2026 with a comprehensive roadshow across Nepal, engaging leading jewellery associations, trade bodies and retailers to drive visitor registrations for the show. Led by Ajay Purohit, Deputy Head – International Events, GJEPC, the outreach programme covered Kathmandu, Lalitpur, Pokhara and Chitwan, where

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First Pre-CIBJO Congress Special Report

Milan: With nine weeks to go to the opening of the 2026 CIBJO Congress in Vicenza, Italy, on September 4, 2026, the first of the pre-congress Special Reports has been released. Prepared by the CIBJO Sustainable Development Commission, headed by John Mulligan, the report considers both the challenges and opportunities presented to the jewellery industry as government regulations concerning social

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Gold Faces Pivotal H2 as Geopolitical Risk

New York: After a volatile start to the year, gold now faces a pivotal second half that will be shaped by unpredictability from geopolitics, rates, and investor sentiment, according to the Gold Mid-Year Outlook 2026 released by the World Gold Council (WGC) recently. Gold set more than 12 all-time highs and reached a record US$5,405/oz in late January before pulling

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Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam 

Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance

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