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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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Mia by Tanishq Launches on Amazon.in
Mumbai: Tanishq has announced the launch of its contemporary jewellery brand Mia on Amazon.in, making a wide range of the brand’s fine jewellery selection easily discoverable and accessible to millions of Amazon India customers. This association marks the next phase of Mia by Tanishq’s rapid growth in the Indian jewellery market. The growing brand from Tanishq is known for its
Bharat Diamond Week Kicks off
Mumbai: More than 1,000 visitors from India and across the world are taking part in the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, which opened yesterday. The Bharat Diamond Week was officially inaugurated by the US Consul General in Mumbai, His Excellency Mr. Edgard D. Kagan. BDB ended registration five days ago due to
Narayan Jewellers Launches Forevermark ‘Artemis’
Vadodara: Narayan Jewellers by Ketan and Jatin Chokshi launched the exclusive Forevermark Artemis™ Collection by master couturier Bibhu Mohapatra at their store yesterday. Bringing the exquisite collection handcrafted with beautiful, rare and responsibly sourced Forevermark diamonds to Gujarat, Bollywood film star Fatima Sana Sheikh unveiled the new collection. Inspired by the interstellar theme the Forevermark Artemis™ Collection highlights three key
DEF Announces 2018 ‘Diamonds Do Good’ Honorees
New York: The Diamond Empowerment Fund (DEF) has announced the recipients of its 2018 ‘Diamonds Do Good’ Awards, to be presented at the DEF annual gala on May 31 at the Four Seasons Ballroom in Las Vegas, NV. The government of Canada’s Northwest Territories will receive the Diamonds Do Good Responsible Government Award and Bruce Cleaver, CEO of DeBeers Group,
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
