The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?

Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,

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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?

Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,

Read More »

Top News

Genelia Launches Bold New Pieces of Avaanti Collection

Mumbai: To add an extra spark to the festive season, De Beers Forevermark, the most trusted natural diamond brand, has launched three bold new designs from the Forevermark Avaanti Collection. Talented film star & entrepreneur Genelia Deshmukh unveiled the new designs at the one-year anniversary of the De Beers Forevermark Exclusive Boutique in Bandra. The Forevermark Avaanti Collection is crafted

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Augmont-Gold for All to Expand Business in Hyderabad

Mumbai: Augmont Gold For All, India’s retail Gold Platform, has successfully forayed into the Sell Old Gold business to enable in simplifying the process and to offer its customers assistance in all things related to selling old gold. The brand has chosen Hyderabad market as its second touch point for the Sell Old Gold process. All set to be launched

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GIFT City Nominated to Import 200 Tonnes Gold

Gandhinagar: Mr. Piyush Goyal who had visited GIFT City at Gandhinagar and interacted with officials on Saturday morning said the imported gold will be distributed from GIFT City to other parts of the country. GIFT City will be nominated as an agency to import 200 tonnes of gold from the United Arab Emirates (UAE) under the recently signed Free Trade

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Israel’s Polished Diamond Exports Rose 25% in first 3Q

Ramat Gan: Israel’s diamond trade in the first three quarters of 2022 showed positive growth in polished diamond exports and imports, with only a slight rise in rough diamond exports and imports. According to figures released by the Diamond Controller of the Israel Ministry of Economy and Industry, in the first three quarters of the year, Israel’s net polished exports

Read More »

Genelia Launches Bold New Pieces of Avaanti Collection

Mumbai: To add an extra spark to the festive season, De Beers Forevermark, the most trusted natural diamond brand, has launched three bold new designs from the Forevermark Avaanti Collection. Talented film star & entrepreneur Genelia Deshmukh unveiled the new designs at the one-year anniversary of the De Beers Forevermark Exclusive Boutique in Bandra. The Forevermark Avaanti Collection is crafted

Read More »

Augmont-Gold for All to Expand Business in Hyderabad

Mumbai: Augmont Gold For All, India’s retail Gold Platform, has successfully forayed into the Sell Old Gold business to enable in simplifying the process and to offer its customers assistance in all things related to selling old gold. The brand has chosen Hyderabad market as its second touch point for the Sell Old Gold process. All set to be launched

Read More »

GIFT City Nominated to Import 200 Tonnes Gold

Gandhinagar: Mr. Piyush Goyal who had visited GIFT City at Gandhinagar and interacted with officials on Saturday morning said the imported gold will be distributed from GIFT City to other parts of the country. GIFT City will be nominated as an agency to import 200 tonnes of gold from the United Arab Emirates (UAE) under the recently signed Free Trade

Read More »

Israel’s Polished Diamond Exports Rose 25% in first 3Q

Ramat Gan: Israel’s diamond trade in the first three quarters of 2022 showed positive growth in polished diamond exports and imports, with only a slight rise in rough diamond exports and imports. According to figures released by the Diamond Controller of the Israel Ministry of Economy and Industry, in the first three quarters of the year, Israel’s net polished exports

Read More »

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