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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
Kolkata Gets its First Forevermark Boutique
Kolkata: Forevermark, the diamond brand from the De Beers Group of Companies, opens its exclusive boutique in Kolkata for the first time ever. The Forevermark Boutique is only the second such store in the world. Housed at South City Mall in Kolkata, the boutique exclusively carries Forevermark which are the world’s most carefully selected diamonds in a wide variety of jewellery and loose assortment. Every Forevermark
CIBJO President Meets Pope Francis I in Vatican
Milan: CIBJO President Gaetano Cavalieri has had a private audience with Pope Francis I, the head of Catholic Church. It took place during a conference in Vatican City in Rome on Saturday, organised by the Centesimus Annus pro Pontifice Foundation on the theme, “New Policies and Lifestyles in the Digital Age.” During their discussion, Dr. Cavalieri stressed the responsibility of the business
ABN Amro Closing NY, Dubai Diamond Lending Offices
New York: ABN Amro is closing its diamond and jewelry lending offices in both New York and Dubai as it continues to cut back on financing to the trade as a whole, reports National Jewellery. Brigitte Seegers, a spokeswoman for the Amsterdam-based bank, said it made the announcement during its first quarter earnings call May 14 that it will “discontinue”
GIA India Classroom in Surat Moves to a New Location
Surat: GIA India is set to open a new classroom in Surat in early May. The new classroom will offer programmes in diamonds, coloured stones, pearls, jewellery design and merchandising, to help students, professionals and business owners acquire specialised skills to help them succeed in the gem and jewellery industry. Located at Piplod, Surat, the classroom will enhance the learning experience of
Newly Elected WFDB President Mehul Shah Shares Vision for Industry
Mumbai: Mehul Shah, Vice President of Bharat Diamond Bourse (BDB) and newly elected President of World Federation of Diamond Bourses (WFDB) said that he and the WFDB committee led by him will focus on reaffirming the industry’s collective commitment to strengthening consumer confidence, and reinforcing the enduring value of natural diamonds. “We will focus on implementing the shared global vision
Senco Gold Opens Store in Bhubaneshwar
Bhubaneshwar: Senco Gold & Diamonds marked the beginning of the festive season with the grand launch of its flagship Janpath store in Bhubaneswar, inaugurated by actor Ms. Rakul Preet Singh. The occasion brought together festive glamour, timeless craftsmanship and contemporary design, offering customers an early glimpse into the season’s most coveted jewellery trends, from statement natural diamond creations for weddings
Ekati Diamond Mine to Close Following Unsuccessful Sale Process
Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has
IIJS Bharat Premiere Receives Message from PM
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 42nd edition of IIJS Bharat – Premiere from 5th to 9th August 2026 at Jio Convention Centre, BKC and from 6th to 10th August at the NESCO, Goregaon, Mumbai. On this occasion, India’s Prime Minister Mr. Narendra Modi has sent a special message to the GJEPC wishing the
