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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HRD Antwerp Launches The ID Card

Antwerp: HRD Antwerp, Europe’s leading authority in diamond certification, launched its new ID CARD on the 26th of October 2017 at its HQ in the Antwerp diamond district. “The ID CARD is a highly affordable, new type of grading report for diamonds that weigh between 0.08 and 0.998cts, explains Michel Janssens, CEO of HRD Antwerp. With this new product, we aim

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CIBJO Releases Coral Comm's Sp. Report

Milan: With fewer than two weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the eighth and the final of the CIBJO commissions’ Special Reports for this year has been released. Prepared by Vincenzo Liverino, President of the organisation’s Coral Commission, the report calls for an educational campaign to differentiate between

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De Beers’ Q3 Production Up by 46%

Gaborone: Anglo American, which today released production figures of its various businesses for the third quarter of 2017, reported that De Beers’ rough diamond production for the period was up 46% over Q3 2016 in carat terms. The increase was “in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the

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India's Move to Propel Economic Growth

Bengaluru: Government of India’s announcement to infuse INR 2.11 Lakh Crores into Public Sector Banks (PSB) is a credit positive step for the NPA plagued sector, reports Brickwork Ratings. With this Brickwork Ratings expects PSBs credit profile to improve significantly. The agency believes that this step should be monitored by enforcing strict conditions for banks to optimally utilise the allocated

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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

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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

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IIJ Awards on 2nd October in Mumbai

Mumbai: The India International Jewellery Awards (IIJA), an initiative by IBJA (India Bullion and Jewellers Association Ltd.) & Tefla’s is back—bringing together industry excellence, inspiring stories, and a distinguished celebrity jury. A $90B+ industry — and until now, no single honour platform that recognized all of it: from the master karigar at the workbench to the global icon whose work

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GJC & SGL Sign MoU to Launch SGL Pavilion at GJS Diwali Edition 2026

Mumbai: The All India Gem & Jewellery Domestic Council (GJC) and SGL (Solitaire Gemmological Laboratories) have entered into a strategic Memorandum of Understanding (MoU) to launch the SGL Pavilion at the GJS Diwali Edition 2026, scheduled from 2nd to 4th October 2026 at the Jio World Convention Centre, Mumbai. The dedicated SGL Pavilion, comprising 40 booths, will bring together leading

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