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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Top News

Global Platinum Deficit May Rise in 2017: WPIC

London: The global platinum deficit is predicted to weigh in at 120,000 oz in 2017, a larger shortfall than previously estimated, driven by a fall in supply, industry lobby group, the World Platinum Investment Council (WPIC), said in its Platinum Quarterly Thursday. This year will be the sixth consecutive year of deficit, with total supply from mining and recycling predicted

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'Mines to Market' Conference on 19th & 20th March

Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC) will host the International Diamond Conference on 19th & 20th of March 2017. The conference is being held with an objective of bringing together the leading Miners, Diamantaires, Retailers, Bankers and Analysts from across the globe on a platform to discuss the supply and demand issues faced by the

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India's Large Cash Deals Ban Harmful: WGC

Mumbai: India’s ban on high-value cash transactions could damage rural gold demand or spur growth in the black market, the World Gold Council (WGC) warned. From April 1, the government will cap cash purchases at $4,493 (INR 300,000) as it continues its attempts to transform the nation’s economy into one based more on electronic transactions. “This will have the greatest

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ALROSA Monthly Sales Rise to $390M

Moscow: ALROSA’s diamond sales increased in February from the previous month as demand held firm, the miner said on Thursday. The company’s rough sales amounted to $389.8 million, with polished sales coming in at $12.1 million. Total diamond sales for the month increased 7 percent over January to $401.9 million. “The results in February reflect stable demand in almost all

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Inputs from GJEPC on GMS & CAD Reduction

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in reference to the meeting held on 22nd May 2026 with key industry associations, to deliberate on measures for reducing the Current Account Deficit (CAD), particularly in the context of gold imports and domestic gold mobilization, is coordinating with its members to formulate some suggestions on Gold Monetization Scheme (GMS) and

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GJEPC Joins Govt Delegation to Canada for CEPA Talks

New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the

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India Design Gallery at JCK Las Vegas 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and

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Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million

London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats

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