Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?

Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring

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Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?

Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring

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GJEPC Elects Chairman & Vice Chairman for 2018-20

Mumbai: The election results for the Chairmanship and Vice Chairmanship of GJEPC was announced today. Mr. Pramod Kumar Agarwal has been elected as the Chairman and Mr. Colin Shah has been elected as the Vice Chairman of GJEPC for the period of 2018 to 2020. Thanking the industry and GJPEC members for electing him, the new GJEPC Chairman, Mr. Pramod

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Mumbai Shopping Festival Inaugurated

Mumbai: The Chief Minister of Maharashtra Mr. Devendra Fadnavis on Friday inaugurated the 20-day Mumbai Shopping festival. “I am sure from next year onwards it will become a global festival. You have created a brand of Mumbai,” said Fadnavis, adding like Ganpati, this festival will also capture the imagination of people from across the globe. He described the festival as

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Shmuel Schnitzer Steps Down as IDI Chairman

Ramat Gan: In the wake of the departure of Shmuel Schnitzer from the post of Chairman of the Israel Diamond Institute (IDI), the organization’s Board of Directors has stated its appreciation for his years of service as Chairman of IDI and as a leader of the diamond industry. The IDI Board released a statement saying, “The Board of Directors of

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Pearls and Corals to be Focused at CIBJO Seminar

Milan: Environmental, as well as social and economic responsibility in the jewellery sector will be the focus of a seminar scheduled for Monday, January 22, 2018, during the VICENZAORO January 2018 jewellery trade show in Vicenza, Italy. Titled “Green and Blue Jewellery, Environmentally Sustainable Luxury,” it is being organised by CIBJO, the World Jewellery Confederation, and the Italian Exhibition Group,

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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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