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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Top News

Assocham Demands to Postpone GST Implementation

New Delhi: The Associated Chambers of Commerce of India (Assocham) has demanded postponing GST implementation, saying that taxpayers will find it difficult to comply with the provisions of the new indirect tax regime as the IT network is not yet ready. In a letter to Finance Minister Mr. Arun Jaitley, Assocham said existing assessees have not yet migrated to the

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Foundation Stone Laid for G&J Institute in Udupi

Udupi: The Gem & Jewellery Export Promotion Council (GJEPC), apex gem & jewellery trade body in India, laid the Foundation Stone for a premier Gem & Jewellery Training Institute today in Udupi. Indian Institute of Gems & Jewellery (IIGJ) is being set up in association with National Institute of Design (NID), Ahmedabad. This training centre shall be amongst the series

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Diamond Exploration Vessel Launched in Namibia

Walvis Bay:  The world’s largest and most advanced diamond exploration and sampling vessel, the mv SS Nujoma, is ready to start exploring for diamond deposits in Namibian waters, following its official inauguration yesterday. The US$157 million (N$2.3 billion) vessel will enable Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, to

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De Beers to Shut Dubai Auction Base

Gaborone: De Beers will close its auction-sales office in Dubai due to declining demand from local companies, the miner has announced, according to a report published in Rapaport News. Operations will cease on July 31, meaning De Beers will no longer display rough diamonds there from the year’s sixth sales cycle onward, the company told clients this week in a

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PGI (India) Strengthens its Consumer Visibility

Mumbai: Platinum Guild International (PGI) India has announced a focused hyperlocal activation programme ahead of the upcoming wedding season, aimed at strengthening consideration for platinum jewellery across key markets. The programme will run from mid-June to mid-July 2026. Designed to deliver high reach and frequency across premium catchments, the initiative aims to increase visibility for platinum jewellery closer to key

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IIJS Bharat Premiere Strengthens GCC Outreach with Deira Gold Souq Campaign

Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) stepped up its buyer outreach in Dubai, placing the famed Deira Gold Souq at the heart of its campaign to drive participation in IIJS Bharat Premiere, scheduled to be held from 5 to 10 August 2026 in Mumbai. With 76% of Dubai’s jewellery buyers concentrated in Deira Gold Souq, the district

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Pritesh Patel to Headline Fireside Chat at WDC

Singapore: The 41st World Diamond Congress will feature an exclusive fireside chat with Pritesh Patel, the newly appointed President and CEO of the Gemological Institute of America (GIA), marking one of his first major public appearances in the role on the global stage. Patel steps into the position at a pivotal moment for GIA and the broader diamond trade. Moderated

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Booths Allotted to the IIJS Premiere 2026 Exhibitors

Mumbai: In a single day, 34,000+ booths were successfully allotted to 1,800+ companies, turning booth allocation into a celebration of excitement, anticipation, and new beginnings. Exhibitors now know their place on the grand stage and are eagerly counting down to the biggest B2B jewellery gathering of the year. Excitement filled the air as exhibitors found out their booth locations and

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