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

Read More »

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

Read More »

Top News

Global Gold Demand Reaches 2,335 Tons in H1

Mumbai: Global gold demand reached 2,335 tons (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Q2 2016 continued in the same vein as the first quarter this year with overall gold demand growing to

Read More »

Petra Recovers 138.57 Carat Diamond

Johannesburg: Petra Diamonds recovered a 138.57-carat, D-color, type IIa rough diamond, the latest in a string of large stones found at its Cullinan mine in South Africa. The company said it will offer the diamond at its sale in Johannesburg toward the end of the month. The Cullinan mine is no stranger to large diamonds with recent finds including a

Read More »

India International Gold Convention from 11th Aug

Agra: Foretell Business Solutions Private Limited is organizing the 13th edition of India International Gold Convention (IIGC) between 11 and 14 August, 2016 at Jaypee Palace Hotel & Convention Centre, Agra, India. India International Gold Convention provides an apt platform for the bullion industry to deliberate on various challenges facing the industry, articulate the possible solutions and set an agenda

Read More »

Kirit Bhansali Elected as Chairman of IIGJ Mumbai

Mumbai: The Board of Directors of the Indian Institute of the Gems & Jewellery – IIGJ Mumbai, having completed its tenure, has elected a new panel of Directors and Chairman in a meeting held at Indian Institute of Gems & Jewellery, Bagmal Laxmichand Parikh Campus at Andheri East in July end 2016. The newly inducted Directors of the re-enacted Board

Read More »

First Pre-CIBJO Congress Special Report

Milan: With nine weeks to go to the opening of the 2026 CIBJO Congress in Vicenza, Italy, on September 4, 2026, the first of the pre-congress Special Reports has been released. Prepared by the CIBJO Sustainable Development Commission, headed by John Mulligan, the report considers both the challenges and opportunities presented to the jewellery industry as government regulations concerning social

Read More »

Gold Faces Pivotal H2 as Geopolitical Risk

New York: After a volatile start to the year, gold now faces a pivotal second half that will be shaped by unpredictability from geopolitics, rates, and investor sentiment, according to the Gold Mid-Year Outlook 2026 released by the World Gold Council (WGC) recently. Gold set more than 12 all-time highs and reached a record US$5,405/oz in late January before pulling

Read More »

Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam 

Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance

Read More »

Gemfields CEO to Step Down: Ruby Auction Fetches $23.1 Mln.

London: Gemfields Group recently announced that its CEO Mr. Sean Gilbertson will step down by mutual agreement on 15 July 2026, with Chief Financial Officer Mr. David Lovett appointed Interim CEO while retaining his current role. The Board has begun the process of identifying a permanent successor. The announcement coincided with the results of Gemfields’ inaugural Trade Select ruby auction,

Read More »

Latest Videos