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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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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,
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
