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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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CIBJO European Jewellery Guild Formed
Milan: The CIBJO European Jewellery Guild, a new body of leading associations from across the continent, has been formally established within the World Jewellery Confederation to advocate for the common interests of European based participants in the jewellery and gemstone industries, and to represent them in contacts with officials, departments and agencies of the European Commission, European Parliament and European
Laksh Pahuja Presented Ingenious Designs
Mumbai: When it’s a Laksh Pahuja jewellery show expect the unexpected. The designer’s creativity always pushes the envelope to the unlimited corners, so the Laksh Pahuja Show presented by Gemma and HRD Antwerp was a line of extreme designs at India International Jewellery Week (IIJW) 2017 powered by GIA. HRD Antwerp’s name is well known in Europe as an authority
IIGJ Presented Work by its Designers
Mumbai: Day Two at the India International Jewellery Week 2017 (IIJW) powered by GIA opened with the grand show by six fresh talented designers from the Indian Institute of Gems and Jewellery (IIGJ), Mumbai in association with Izaara by Waman Hari Pethe Jewellers. The IIGJ is a project of the Gem and Jewellery Export Promotion Council (GJEPC), sponsored by the
CaratLane Presented Affordable Jewellery
Mumbai: When it comes to affordable everyday jewellery that has design, elegance and style, then the name CaratLane is on top of every woman’s list for ornaments. The CaratLane collection at India International Jewellery Week 2017 powered by GIA was a smorgasbord of items that will thrill women of all ages and professions. The brand is India’s largest Omni channel
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
