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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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Gem-A Revives Ties with Canadian Association
London: Gem-A (The Gemmological Association of Great Britain) has renewed its historic partnership with the Canadian Gemmological Association (CGA) to offer students and graduates at both institutions the very best in gemmological education. Taking inspiration from a previous agreement between the two associations, the new Gem-A and CGA educational partnership aims to create a stronger international community of gemmologists through
887 Carat Emerald to be Auctioned
New York: An 887-carat rough emerald will come under the hammer in New York in April. Named “La Gloria,” the gem is one of the largest museum-quality emeralds in the world, according to Guernsey’s, which will auction the piece. The stone originated in the Muzo mines of Colombia and was collected by Manuel Marcial de Gomar, a veteran of the
Anna Martin is New President of DEF
New York: The Diamond Empowerment Fund’s (DEF) annual board meeting held last month elected Anna Martin President of its Board of Directors. Martin is Senior Vice President Global Development and Beneficiation for Gemological Institute of America (GIA). Martin follows the successful five-year term of outgoing board president Phyllis Bergman. Bergman oversaw the growth of the Diamond Empowerment Fund to embrace
SDA Demands International Airport for Surat
Surat: The Surat Diamond Association (SDA) and the Gem and Jewellery Export Promotion Council (GJEPC) have written to Prime Minister Narendra Modi to provide international airport at Surat at the earliest to facilitate smooth import and export of polished and rough diamonds, reports The Times of India. SDA office-bearers said that polished diamonds worth over Rs. 1 lakh crore are
5th Edition of IIJW Inaugurated in Mumbai
Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized
HRD Antwerp Adjusting Parameters of Cut Grade
Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on
Gold, Diamond Deposits Traced in Odisha
Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel
Diamonds worth Crores Stuck in US Labs
Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and
