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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Richemont’s Jewellery Sales Increased by 7%

Geneva: Jewellery sales at Richemont — owner of Cartier and Van Cleef & Arpels — increased 7% in the past fiscal year, standing out as a rare growth sector for the luxury group. Revenue from the category rose to $4.55 billion (EUR 4.2 billion) in the 12 months that ended March 31, partly offsetting weakness in its watch division, where

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Lucara Earns $55 Million from First Tender of 2017

Vancouver: “When you’re selling your offcuts for almost $20 million, you know something is going right,” writes Thomas Biesheuvel for BloombergPursuits. “Lucara Diamond Corp. just sold a 373.7-carat diamond for US$17.5 million. For a company that has been unearthing some of the world’s biggest and most expensive stones in the past few years that may sound less impressive, until you

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IIJW to be Held from July 24-27, 2017

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has announced that it will be holding the seventh edition of the India International Jewellery Week (IIJW) from July 24 to July 27, 2017. The GJEPC has decided to implement a change in format of IIJW; this year, it will be a B2B show rather than a B2C event. This edition

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ALROSA Recovers New Large Diamond Crystal

Moscow: ALROSA reported it has produced a 83.5-carat diamond at its Jubilee kimberlite pipe. The diamond crystal has a yellowish semi-transparent tint, its dimensions are 24 х 15 х 17 mm. The stone has inclusions of sulfides, olivines with tensor cracks and pyrope in the intermediate and central zone. The Jubilee pipe has been developed as an open pit since

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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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