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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
Zaheer and Sagarika Unveil New ‘Evara’ Collection
Ahmedabad: The summer wedding season is here and if you wish to adorn yourself in jewellery that is inspired by global fashion trends to give you that fresh and modern- chic look, go no further than at AB jewels store in Ahmedabad! The new Platinum Evara collection is contemporary. The designs that are fluid making striking pieces that promise to
Thailand Launches “Buy with Confidence” Program
Bangkok: : Thailand’s Ministry of Commerce has joined hands with partners to encourage leading jewelry shops and businesses to participate in the “Buy With Confidence” program that will issue certifications to ensure the quality and standard of Thai gem and jewelry with the objective to boost confidence among Thai and international consumers. Minister of Commerce Sontirat Sontijirawong states that the
Royal Blue Diamond Goes on Sale for First Time
Geneva: A 6.16-carat Farnese Blue diamond, worn by European dynasties for the last 300 years, will go on sale for the first time in its history. The gem will go on sale at the Magnificent Jewels and Noble Jewels auction in Geneva on May 15, and is valued between $US3.69 million ($4.81 million) and $US5.27 million ($6.88 million). According to
HRD Antwerp Opens Jewellery Grading Lab in SEEPZ
Mumbai: HRD Antwerp has announced the opening of a jewellery grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, established for manufacturers exporting to various international locations. “Our customers will have safe, reliable and easy access to our services. Our laboratory has the know-how and tools to thoroughly analyse jewellery, and to provide a general description of
Rohit Sharma, Anirudh Ravichander Star in Platinum’s New Campaign
Mumbai: Platinum Guild International (PGI) India unveiled a new campaign for its men’s jewellery brand Men of Platinum, featuring cricketer Rohit Sharma and music composer Anirudh Ravichander. The campaign signals an expansion of the men’s platinum jewellery category, speaking to a wider spectrum of men—from those seeking contemporary, design-led pieces as an expression of personal style to those drawn to
India’s G&J Industry Welcomes GST Reforms
Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem
Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
Men of Platinum Expands Collection with New Designs
Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own
