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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
Top News
Varda Shine to Join Sarine Technologies
Tel Aviv: Sarine Technologies Ltd has announced that former De Beers’ Diamond Trading Company (DTC) CEO Varda Shine has agreed to join its board of directors as an independent director, subject to approval at the Annual General Meeting to be held in Singapore on April 25. Shine’s career in the diamond industry has spanned 30 years. She has a wealth
GJSCI Signs MoU with Delhi Prison
Mumbai: Gem & Jewellery Skill Council of India (GJSCI) signs a MOU with Delhi Prison for the ‘Tihar Women Inmates Skilling’ that aims at teaching the skills of jewellery making to the women inmates of Tihar Jail. The MoU was signed by Mr. Premkumar Kothari – Chairman of GJSCI, Mr. Ajay Verma- Director,IBJ India and Mr. Sudhir Yadav (I.P.S), Director
WHP Jewellers Bags Best Jewellery Chain Award
Mumbai: WHP Jewellers continues its eventful run with adding one more feather to the cap by bagging the prestigious ‘Best Jewellery Chain Award’ at the Times Retail Icon 2017. The award was presented to Mr. Aditya Pethe, Director, WHP Jewellers by the Current Mayor of Mumbai Shri. Vishwanath Mahadeshwar. With more than a century old, WHP Jewellers has personified heritage
Winners of Baselworld Design Competition Announced
Basel: Solidscape Announced names of the Winners of the 2017 Baselworld Design Competition BASEL, Switzerland (March 26, 2017) — Solidscape®, Inc., the leading manufacturer of high precision 3D wax printers for the jewellery industry, and a subsidiary of Stratasys, Ltd., announces the winners of the seventh annual Baselworld Design Competition. As the focal point of the watch and jewellery industry,
Oman Abolishes Import Duty on Indian Jewellery
Mumbai: The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which abolishes customs duty on imports of gems and jewellery in Oman from India, is expected to significantly boost India’s exports to Oman and strengthen direct trade linkages between the two countries, according to the Gem & Jewellery Export Promotion Council (GJEPC). India’s gem and jewellery exports to Oman currently stand at
BDB Honoured with Excellence in Surveillance Award
Mumbai: Bharat Diamond Bourse (BDB), the world’s largest diamond trading hub, has been awarded the Excellence in Surveillance Award at the prestigious IFSEC India Awards 2025, in recognition of its outstanding leadership in security management and advanced surveillance practices. The IFSEC India Awards are among the most respected recognitions in the security and safety industry, celebrating organizations that demonstrate innovation,
Comprehensive Discussion on Govt. G&J Policy
Mumbai: Bharat Diamond Bourse (BDB), in association with the Gem & Jewellery Export Promotion Council (GJEPC), organized an exclusive awareness and outreach session on the Maharashtra Gems & Jewellery (G&J) Policy 2025. The event featured an engaging and insightful interaction with Mr. Deependra Singh Kushwah (IAS), Development Commissioner (Industries), Government of Maharashtra whose forward-looking perspective offered industry stakeholders a comprehensive
Piyush Goyal Inaugurates NEST 2 at SEEPZ
Mumbai: India’s Commerce and Industry Minister Mr. Piyush Goyal unveiled the NEST–02 (New Enterprises & Services Tower – Phase 2) at the Santacruz Electronics Export Processing Zone (SEEPZ) yesterday, calling for stronger partnership between industry and the government to boost efficiency, transparency, and skilling. Speaking at the event, Mr. Goyal said SEEPZ must mirror the rapid economic growth witnessed under
