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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Bold Minimalism Takes Center Stage at PlatAfrica ’17

Mumbai: Platinum Guild International (PGI) India yesterday introduced the winning designs of PLATAFRICA 2017 – a jewellery design and manufacturing competition. Presented by the world’s leading producer of the precious metal Anglo American Platinum, in association with PGI India and Metal Concentrators, the prestigious competition is open to student, apprentice and professional jewellers in South Africa to promote innovation and

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Mujeres Brillantes Visits Sao Paulo

Sao Paulo: The second stop of the World Tour Mujeres Brillantes 2018 took place in the city of Sao Paulo, Brazil during the International Women’s Week. Unlike in Panama City in January, which focused more on the visits to Jewelry´s Schools and Stores allied to the Association, the World Tour – Brazil focused on promoting talk sessions focused on women’s

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Tanishq offers free gold coin on Gudi Padwa

Mumbai: Tanishq, India’s jewellery brand has announced to bring in the auspicious occasion of Gudi Padwa. Customers can avail 0.2 grams gold coin free with every purchase of 10 grams of gold jewellery and with every purchase of diamond jewellery worth Rs.10,000 from 17th to 18th March 2018. Customers can celebrate this occasion by taking home prosperity and happiness with

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WFDB Debates Issues at Idar-Oberstein Meeting

Antwerp: The World Federation of Diamond Bourses (WFDB) held an Executive Committee Meeting in Idar-Oberstein yesterday, discussing a wide variety of subjects including the World Diamond Council’s proposed changes to its System of Warranties (SoW), nomenclature issues, Know Your Client, the proposed inclusion of the International Diamond Manufacturers Association into the WFDB, finance and the situation in India in the

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Indias Silver Jewellery Exports Double

Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem

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AGL Celebrates Five Years under New Management

New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did

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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

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