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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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India Pavilion at the Hong Kong Show
Hong Kong: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems & jewellery industry in India, is organizing India Pavilion at Hong Kong International Diamond, Gem and Pearl show from 28 February to 4th March 2017 at AsiaWorld-Expo and at Hong Kong International Jewellery Show from ¬2nd to 6th March, 2017 at Hong Kong Convention
Alrosa to Introduce Synthetic Diamonds Detector
Moscow: ALROSA representative Dr. Sergei Terentev will introduce the firm’s newly developed instrument Diamond Inspector at the third Mediterranean Gemmological and Jewellery Conference in May. The Diamond Inspector can identify: polished natural diamonds from polished synthetic diamonds, polished treated diamonds and diamond simulants, according to a statement from the organizers. The ALROSA Diamond Inspector relies on three analytical methods to
India's Jewellery Exports to UAE Decline 56% in Jan
Mumbai: India’s gold jewellery exports to the United Arab Emirates (UAE) declined by a massive 56 per cent in January 2017 due to a 5 per cent import duty levied by the local government there. Data compiled by the apex representative body, the Gems and Jewellery Export Promotion Council (GJEPC), showed India’s gold jewellery exports to the UAE at $148.1
Demonetization Brought Good Results for India
New Delhi: Buoyed by encouraging GDP growth figures released by the Central Statistics Office (CSO) which showed demonetisation did not cause the kind of damage predicted by his rivals and critics, India’s Prime Minister Mr. Narendra Modi on Wednesday defended his decision, and said that “hard work has won over Harvard-educated economists, who had predicted otherwise”. “Well-known intellectuals from Harvard
CIBJO Releases Colored Stone Special Report
Milan: With fewer than five weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the fourth of the CIBJO commissions Special Reports has been released, as stated in a press brief. Prepared by the CIBJO Colored Stone Commission, headed by Nilam Alawdeen, the report focusses on the proper disclosure of gemstone treatments and
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
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
