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

India’s Economy to Grow by 7.2% in 2017-18

New Delhi: The World Bank believes the demonetization of high value currency notes last year and the upcoming introduction of the goods and services tax (GST) will help India’s economy to grow by 7.2% in fiscal year 2017-18 – the highest rate in the world. The World Bank believes that demonetization, which caused widespread disruption to the country’s diamond trade

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De Beers Confident Diamonds Will Recover

Gaborone: De Beers Group of Companies says it is optimistic on the group’s outlook of the diamond industry market globally as there are signs of recovery. Speaking recently at the Botswana-France Business Forum at the Diamond Trade Centre (DTC) Botswana, Vice President Corporate Affairs & Government Relations De Beers Global Sightholder Sales (DBGSS) Pat Dambe said that the company was

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WDM to Collect Diamond Stories at JCK

Hong Kong: The World Diamond Mark Foundation (WDM) will be present at the JCK Las Vegas show to meet and greet retail jewellers and ask them to share their special diamond stories. The team will be at the show from June 5th, the day after the WDM’s Keynote Talk on June 4th at Tradewinds C/D, Pool Level of Mandalay Bay,

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Antwerp to Celebrate 3rd International Yoga Day

Antwerp: On Sunday 18 June 2017, the third International Day of Yoga will be celebrated in Antwerp, organized by the Antwerp Indian Association (AIA) and the Antwerp World Diamond Centre (AWDC). It was a unique moment for India three years ago, when the UN General Assembly declared 21 June the “International Day of Yoga”. Prime Minister of India Narendra Modi’s

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Augmont Receives Promising Gold Bullion Refiner Award

Mumbai: Augmont Enterprises Ltd., one of India’s established gold platforms, has been recognized with the prestigious “Promising Gold Bullion Refiner (All India)” award at the India Gold Conference (IGC) 2025. This recognition reflects the company’s role in contributing to the evolving bullion industry. At the conference, Mr. Ketan Kothari, Director at Augmont, was presented with the IGC Excellence Award 2025:

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Take Blood Donation Pledge on Jeweller’s Day

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry. This initiative reflects the industry’s deep commitment to social responsibility and

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Elton John Reveals Golden Moments of His Life

Mumbai: The World Gold Council (WGC) has unveiled a new documentary, ‘Touched by Gold’, a powerful exploration of gold’s enduring influence on culture, creativity, and society, told through the voice and life stories of Elton John. Touched by Gold charts his pervasive connection to gold, granting audiences an exclusive look at his personal archive and revealing the intimate ways gold

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Mumbai Gold Entities to Elevate Industry Standard in India

Mumbai: The dynamically growing Indian gold industry has a new custodian created by the gold industry, for the gold industry. The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization (SRO) is all set to implement the framework for the current gold ecosystem by promoting fair, transparent, and sustainable practices under a strict Code of Conduct outlining the

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