Same Line, Second Test: Gold and Silver Return to the 200-Day EMA

Macro Snapshot: The week ending July 10 unwound most of the recovery from the prior week. Gold gave back the majority of the July 3 bounce and silver gave back even more, with silver again showing the higher beta that has defined its behaviour on both sides of the correction. Both metals are back at the 200-day EMA area that held in late June: gold is still marginally above the line, silver has slipped just below it. Two macro shocks

Read More »

Same Line, Second Test: Gold and Silver Return to the 200-Day EMA

Macro Snapshot: The week ending July 10 unwound most of the recovery from the prior week. Gold gave back the majority of the July 3 bounce and silver gave back even more, with silver again showing the higher beta that has defined its behaviour on both sides of the correction. Both metals are back at the 200-day EMA area that held in late June: gold is still marginally above the line, silver has slipped just below it. Two macro shocks

Read More »

Top News

The 1st Israel Diamond Conference Opens

Ramat Gan: The first Israel Diamond Conference, which brought together the senior leadership of the global diamond industry, today opened a week-long series of events sponsored by the Israel Diamond Exchange, after a three year hiatus. Israel International Diamond Week will also include the 10th International Diamond Exhibition and the 40th World Diamond Congress. The conference was opened by Israel

Read More »

World Diamond Museum Establishes in Monaco

London: The World Diamond Museum reached a significant milestone upon receiving a permit from the Ministry of State of the Principality of Monaco to establish itself in Monaco. The statement reads: “The World Diamond Museum aims to be a dynamic, independent association, accessible to all, exercising its activities mainly in the Principality of Monaco. Its chief objective is to create,

Read More »

Ghaghoo Diamond Mine Faces Closure

Gaborone: Gem Diamonds has failed to find a buyer for its Ghaghoo Diamond Mine in Botswana’s Central Kalahari Game Reserve (CKGR), which had been on care and maintenance since February 2017. Mmegi reports that the diamond miner, which is currently focused on its Lesotho operations, is now considering a final closure of the Botswana operation. It had prioritised a sale

Read More »

3rd 'India Gem and Jewellery Show’ from 7th April

Mumbai: All India Gem and Jewellery Domestic Council (GJC), the premier industry body catering to around 300,000 Indian jewellers and the allied industry value chain, is looking forward to the 3rd edition of GJS – India Gem & Jewellery Show scheduled from 7th to 10th April 2023 at Bombay Exhibition Centre (NESCO), Mumbai. GJS will comprise the top-of-the-line manufacturers/wholesalers of

Read More »

The 1st Israel Diamond Conference Opens

Ramat Gan: The first Israel Diamond Conference, which brought together the senior leadership of the global diamond industry, today opened a week-long series of events sponsored by the Israel Diamond Exchange, after a three year hiatus. Israel International Diamond Week will also include the 10th International Diamond Exhibition and the 40th World Diamond Congress. The conference was opened by Israel

Read More »

World Diamond Museum Establishes in Monaco

London: The World Diamond Museum reached a significant milestone upon receiving a permit from the Ministry of State of the Principality of Monaco to establish itself in Monaco. The statement reads: “The World Diamond Museum aims to be a dynamic, independent association, accessible to all, exercising its activities mainly in the Principality of Monaco. Its chief objective is to create,

Read More »

Ghaghoo Diamond Mine Faces Closure

Gaborone: Gem Diamonds has failed to find a buyer for its Ghaghoo Diamond Mine in Botswana’s Central Kalahari Game Reserve (CKGR), which had been on care and maintenance since February 2017. Mmegi reports that the diamond miner, which is currently focused on its Lesotho operations, is now considering a final closure of the Botswana operation. It had prioritised a sale

Read More »

3rd 'India Gem and Jewellery Show’ from 7th April

Mumbai: All India Gem and Jewellery Domestic Council (GJC), the premier industry body catering to around 300,000 Indian jewellers and the allied industry value chain, is looking forward to the 3rd edition of GJS – India Gem & Jewellery Show scheduled from 7th to 10th April 2023 at Bombay Exhibition Centre (NESCO), Mumbai. GJS will comprise the top-of-the-line manufacturers/wholesalers of

Read More »

Latest Videos