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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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The Tariff is Illegal: US Supreme Court
Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a
PNG Jewellers Receives IAGES Accreditation
Mumbai: India’s gold industry is set to achieve the highest standards of ethical and responsible business practises followed, as more gold entities receive their Indian Association for Gold Excellence and Standards (IAGES) accreditation. Joining the fast-growing pan India network of verified gold retailers is the leading legacy brand PNG Jewellers (PN Gadgil Jewellers Ltd) that has received its IAGES accreditation.
De Beers Unveiled “Voyage Through the Diamond Realm”
New Delhi: De Beers unveiled “Voyage Through the Diamond Realm,” at India Art Fair 2026. The immersive installation invites audiences to explore the mythical origins of diamonds. Through visual storytelling, scenography and soundscapes, the installation reveals the living heritage of diamonds, their cosmic and earthly journeys across time. Positioned at the intersection of art, nature and human expression, the experience
BDB Launches its Official E-Newsletter
Mumbai: Mr. Bhushan Gagrani, IAS, Commissioner of the Brihanmumbai Municipal Corporation yesterday launched the first edition of ‘BDB e-News’, the official e-newsletter of Bharat Diamond Bourse (BDB). The newly launched news platform is part of a planned strategic upgrade in BDB’s use of digital communications to boost dissemination of information and stakeholder engagement. The launch took place at a special
Anglo American to Keep De Beers' Diamonds
Gaborone: After posting a $5.6 billion loss for 2015 as a global rout in commodity prices punished the costly mines it operates around the world, mining giant Anglo American (AA) entered a drastic restructuring phase intended to reduce its total number of mining operations from 45 to 16, but it is holding onto De Beers. “Mining group Anglo American,” writes
US Jewellery Sales Rose 4.9% in Q1 2016
New York: Based on preliminary data from the US Department of Commerce, IDEX reports that total sales of fine jewellery and watches in the US market rose by a solid 4.2% in March when compared to March 2015, leading to a 4.9% overall increase US sales of fine jewelry during the first quarter of 2016, rising to $16.8 billion compared
India's SGB to Become More Investor Friendly
New Delhi: The Indian government, in consultations with banks and the Reserve Bank (RBI), is finalizing a fourth tranche of sovereign gold bonds (SGB), reports Business Standard. This one is expected to be more investor-friendly and options under consideration include selling bonds also through a stock exchange, via an offer for sale (OFS), where member-brokers can put orders on behalf
De Beers Signs Agreement with CanAlaska
Gaborone: ‘CanAlaska’ has entered into an Option-Participation Agreement with De Beers Canada Inc. De Beers for expenditures up to $20.4 million on kimberlite-style targets staked by CanAlaska in the Northwestern Athabasca basin, Saskatchewan. The claims staked by CanAlaska and optioned to De Beers cover 75 kimberlite-style targets developed from a recent high resolution airborne geophysical survey carried out on behalf
