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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Sky Gold and Diamonds Appoints MSKA & Associates

Mumbai: Sky Gold and Diamonds Limited has appointed M/s M S K A & Associates LLP, Chartered Accountants, a member firm of BDO International, as the Statutory Auditors of the Company and its material subsidiaries, subject to shareholders’ approval. The appointment has been approved by the Board of Directors following the recommendation of the Audit Committee. The move marks a

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Reena Ahluwalia’s Painting Accessioned into Smithsonian

Toronto: Visual Artist Reena Ahluwalia’s painting, “The Legacy of The Winston Red Diamond,” has been accessioned into the Smithsonian National Museum of Natural History. At a May 6 ceremony in the Janet Annenberg Hooker Hall of Geology, Gems, and Minerals, Dr. Gabriela Farfan, the Coralyn W. Whitney Curator of Gems and Minerals, accepted the painting. This is the first contemporary

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India’s PM Appeals People Not to Buy Gold

New Delhi: India’s Prime Minister Mr. Narendra Modi has appealed country’s citizens not to buy gold for one year. His may have sounded unusual at first, especially in a country where gold is deeply linked to tradition, savings and family celebrations. But behind the statement lies a larger economic concern: pressure on India’s foreign exchange reserves and the weakening rupee

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WDC ‘A Champion for Natural Diamond Trade’

Antwerp: The World Diamond Council (WDC) is a champion for the natural diamond trade, with the primary objective of building confidence in natural diamonds and helping the trade sell them, according to its incoming President Ronnie VanderLinden. He was speaking at the Annual General Meeting of the WDC, which took place May 7, 2026, in Antwerp, Belgium. Taking office at

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