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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Rolls-Royce Car Painted with 1000 Diamonds

Geneva: Geneva International Motor, which was held last week, saw plenty of luxury cars, but one may well outshine all others, literally: Rolls-Royce has unveiled a version of its Ghost luxury car painted with diamonds. According to the car company, the “Diamond Stardust” car is the “first luxury motor car to be finished in a paint created from diamonds”. The

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Frauds in Indian Banks

New Delhi: ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI in the second spot, according to Reserve Bank of India data. Over 455 fraud cases involving Rs 1 lakh and above were detected in ICICI Bank during the first nine months of the current fiscal, followed by

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7th Myanmar Gems Expo from 24th March

Yangon: The 7th Myanmar International Gems, Jewellery and Watch Expo 2017 will be held at Myanmar Gems Trade Centre in Yangon from March 24 to March 27. The expo will feature 50 booths from 11 countries and territories – Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India – and including Myanmar, said Michael Khaniss

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Gahcho Kué Receives PDAC Award

Toronto: The Gahcho Kué Mine was honoured by the Prospectors and Developers Association of Canada (PDAC) with the Viola R. MacMillan Award for demonstrating leadership in management and financing for the exploration and development of mineral resources. Elaborating on the reasons for the selection, PDAC said it was “for development of the world’s largest new diamond mine in the last

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Russia to Levy 8% Duty on Rough from Sep.

Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had

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GJEPC Urges Simpler Path to Gold Monetization

Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &

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GJEPC Hosts U.S. Senators, State Lawmakers for Industry Dialogue

Mumbai: Against the backdrop of deepening India-U.S. trade ties, GJEPC hosted a delegation of U.S. senators, state legislators and National Conference of State Legislatures (NCSL) officials at its Mumbai headquarters on 22nd June to provide an overview of India’s gem and jewellery industry and discuss key sectoral trends. The delegation comprised Wayne Harper, President Emeritus and President Pro Tempore, National Conference

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Jewellery Crafts Design Competition at IIJS Bharat-Premiere 2026

Mumbai: IIJS Bharat – Premiere 2026 invites you to participate in the “Jewellery Crafts Design Competition”, presented under this year’s Brilliant Bharat – “Music of India” theme. For the 42nd edition of IIJS Bharat – Premiere, exhibitors are encouraged to create jewellery inspired by India’s rich and diverse musical heritage. From classical ragas, folk traditions, devotional music, and regional instruments

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