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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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World Diamond Council to Hold AGM in Dubai in Oct
New York: The World Diamond Council (WDC) will hold its 13th Annual General Meeting (AGM) in Dubai, United Arab Emirates, from October 15 to 17, with the meeting hosted by the Dubai Multi Commodities Centre (DMCC). Among the items to be discussed at the AGM are industry recommendations for the Kimberley Process Certification Scheme (KPCS) review cycle and a proposed
P. Mangatram Jewellers’ Cares for Jewellery Artisans
Mumbai: P. Mangatram Jewellers Pvt. Ltd. one of India’s largest manufacturers of studded fine jewellery, has very closely observed the plight of artisans crafting handmade jewellery in India. This IIJS they showcased a short film depicting the harsh predicament of these artisans. The brand also showcased some much-required solution to address this grave contemporary issue. Buying fine jewellery may put
GJEPC Hosts ‘Jewellers for Hope’ Charity Dinner
Mumbai: GJEPC’s CSR initiative ‘Jewellers for Hope’ charity dinner presented in association with De Beers donates Rs 1 crore for education & empowering girl child Smt. Amruta Fadnavis, Bollywood celebrity actor Arjun Kapoor and singer Rekha Bharadwaj grace ‘Jewellers for Hope’ charity dinner dedicated to make a difference Mumbai, 28th July, 2017: Gem & Jewellery Export Promotion Council (GJEPC), in
India Gem & Jewellery Machinery Expo Inaugurated
Mumbai: Mr. Manoj Dwivedi, Joint Secretary, Dept. Commerce, MoC&I, Govt of India, Mr. Shailesh Sangani (Convenor, Promotions, Marketing and Business Development Sub-Committee, GJEPC) Mr. Saunak Parikh (Convener – National Exhibitions Sub-committee, GJEPC) inaugurated today the India Gem & Jewellery Machinery Expo organised by the Gem & Jewellery Export Promotion Council (GJEPC) on in Mumbai. India Gem & Jewellery Machinery Expo
India Reduces Tariff Value on Gold
New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at
Silver Price to be Set by New System
London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME
De Beers Boosts Q2 Diamond Output
Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher
GJEPC Launches 'Jewellers for Hope' Campaign
Mumbai: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has initiated its first edition of ‘Jewellers for Hope’ campaign, a CSR activity with an objective to build a CSR fund that will be used to support various social causes. A charity dinner has been hosted by the GJEPC in Mumbai’s Grand Hyatt on Friday for the
