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Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Top News
Global Gold Jewellery Sales Down 7% in Q1 2015
New York: Global gold jewellery consumption declined 6.7% year-on-year to 527 tonnes in Q1 2015, its lowest first quarter level since 2012, according to the GFMS Metals Research and Forecasts team at Thomson Reuters. The agency recently released its first Quarterly Update and Outlook 2015 of its annual Gold Survey and attributed the fall in demand to purshases being deferred
De Beers Lowers Prices
Gaborone: De Beers cut prices some 2–3 percent at its latest allocation in Botswana, sources say, as attendees noted a more conciliatory tone from the company CEO. The slashed prices and smaller allocation—estimated at around $450 million—were stark signs of the manufacturing community’s ongoing troubles; executives previously hinted the company would hold the line on prices since it expected the
PGI USA Appoints Deedy to Oversee Marketing
New York: Platinum Guild International USA (PGI USA) appointed Meg Deedy as its director of marketing to oversee digital media, social media and public relations strategies and programs. Deedy most recently led the social media practice for TD Ameritrade at Havas Worldwide and has more than 10 years of experience in the U.S. and abroad with leading agencies TracyLocke, MRM/McCann
IIJS Adopts Big Changes to Achieve 25% Growth
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has introduced over-hauling changes in the up-coming India International Jewellery Show (IIJS) to achieve about 25% growth in one of the Asia’s largest B2B trade shows. IIJS has been experiencing acute space constraint since last many years, as a result of which at least 400 aspiring exhibitors are being left out
Global Gold Jewellery Sales Down 7% in Q1 2015
New York: Global gold jewellery consumption declined 6.7% year-on-year to 527 tonnes in Q1 2015, its lowest first quarter level since 2012, according to the GFMS Metals Research and Forecasts team at Thomson Reuters. The agency recently released its first Quarterly Update and Outlook 2015 of its annual Gold Survey and attributed the fall in demand to purshases being deferred
De Beers Lowers Prices
Gaborone: De Beers cut prices some 2–3 percent at its latest allocation in Botswana, sources say, as attendees noted a more conciliatory tone from the company CEO. The slashed prices and smaller allocation—estimated at around $450 million—were stark signs of the manufacturing community’s ongoing troubles; executives previously hinted the company would hold the line on prices since it expected the
PGI USA Appoints Deedy to Oversee Marketing
New York: Platinum Guild International USA (PGI USA) appointed Meg Deedy as its director of marketing to oversee digital media, social media and public relations strategies and programs. Deedy most recently led the social media practice for TD Ameritrade at Havas Worldwide and has more than 10 years of experience in the U.S. and abroad with leading agencies TracyLocke, MRM/McCann
IIJS Adopts Big Changes to Achieve 25% Growth
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has introduced over-hauling changes in the up-coming India International Jewellery Show (IIJS) to achieve about 25% growth in one of the Asia’s largest B2B trade shows. IIJS has been experiencing acute space constraint since last many years, as a result of which at least 400 aspiring exhibitors are being left out
