The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial

Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.

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The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial

Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.

Read More »

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GJF Welcomes Govt’s Move to Ease Gold Import

Mumbai: All India Gems and Jewellery Trade Federation (GJF) welcomed the Union Government’s recent initiatives to ease supply of gold as raw materials but sought industry status for the sector and National Jewellery Council status for the Federation so that it could implement key initiatives for the sector. GJF has urged the Government to create several jewellery parks with shared

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8th Edition of Signature IIJS Inaugurated

Mumbai: The Gem and Jewellery Export Promotion Council officially inaugurated its eight edition of Signature on February 20, 2015, at the Bombay Exhibition Centre (NSE Complex) in Mumbai. It promises to be a grand event as over 580 exhibitors will be participating with over 1,100 booths spread over the 30,000 sq m venue. The event will witness more than 7,000

Read More »

India Lifts Ban on Gold Coin, Medallion Imports

Mumbai: The Reserve Bank of India (RBI) said on Wednesday the import of gold coins and medallions will no longer be prohibited, pending further review, reports Financial Express. However, the limits on banks in selling gold coins and medallions are not being removed, the RBI said. Banks are free to grant gold metal loans, the RBI said, adding that rules

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GJEPC to Launch Group Health Insurance Scheme

Mumbai: The Gem & Jewellery Export Promotion Council will launch a major new CSR initiative on March 1, 2015 – a Group Health Insurance Scheme under which member companies can enroll their employees and employees’ families at very attractive rates. The aim is to cover 50,000 employees within this financial year and gradually ensure that the scheme is extended to

Read More »

GJF Welcomes Govt’s Move to Ease Gold Import

Mumbai: All India Gems and Jewellery Trade Federation (GJF) welcomed the Union Government’s recent initiatives to ease supply of gold as raw materials but sought industry status for the sector and National Jewellery Council status for the Federation so that it could implement key initiatives for the sector. GJF has urged the Government to create several jewellery parks with shared

Read More »

8th Edition of Signature IIJS Inaugurated

Mumbai: The Gem and Jewellery Export Promotion Council officially inaugurated its eight edition of Signature on February 20, 2015, at the Bombay Exhibition Centre (NSE Complex) in Mumbai. It promises to be a grand event as over 580 exhibitors will be participating with over 1,100 booths spread over the 30,000 sq m venue. The event will witness more than 7,000

Read More »

India Lifts Ban on Gold Coin, Medallion Imports

Mumbai: The Reserve Bank of India (RBI) said on Wednesday the import of gold coins and medallions will no longer be prohibited, pending further review, reports Financial Express. However, the limits on banks in selling gold coins and medallions are not being removed, the RBI said. Banks are free to grant gold metal loans, the RBI said, adding that rules

Read More »

GJEPC to Launch Group Health Insurance Scheme

Mumbai: The Gem & Jewellery Export Promotion Council will launch a major new CSR initiative on March 1, 2015 – a Group Health Insurance Scheme under which member companies can enroll their employees and employees’ families at very attractive rates. The aim is to cover 50,000 employees within this financial year and gradually ensure that the scheme is extended to

Read More »

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