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

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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

Jatin Mehta Fails in Bid to Unfreeze $932m Assets

London: Fugitive Indian diamond merchant Jatin Mehta has lost his legal challenge against the freezing of his assets, worth $932m, by a British court. The high court in London ruled that the worldwide freezing order (WFO) imposed in May 2022 on Mehta and his family must continue. He is accused of defrauding 15 lenders out of more than $1bn lent

Read More »

Duties on 100% tariff Lines to be Eliminated by Australia

New Delhi: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal said that duties on 100 percent tariff lines would be eliminated by Australia under the landmark India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA). He was addressing a press conference on the ECTA following the approval of the Agreement by the

Read More »

IIJS Signature 2023 Launches “ONE EARTH” Initiative

Mumbai: In a major step towards sustainable development goals, IIJS Signature 2023, scheduled from 5th – 9th January 2023, is launching the “ONE EARTH” initiative in association with SankalpTaru Foundation. This is the first such large-scale pro-environment initiative by a gem & jewellery trade organisation in India. The tree plantation drive is aimed at offsetting carbon emissions generated by IIJS Shows with

Read More »

Shine this Season with Platinum Evara

Mumbai: A time of joyous celebration with family and friends, the festive and party season brings along a slew of special events and gatherings to attend. While selecting the perfect outfit for each occasion might seem like a task, let your jewellery be the focal point of your look, as you choose from an exquisite range of platinum jewellery pieces

Read More »

Jatin Mehta Fails in Bid to Unfreeze $932m Assets

London: Fugitive Indian diamond merchant Jatin Mehta has lost his legal challenge against the freezing of his assets, worth $932m, by a British court. The high court in London ruled that the worldwide freezing order (WFO) imposed in May 2022 on Mehta and his family must continue. He is accused of defrauding 15 lenders out of more than $1bn lent

Read More »

Duties on 100% tariff Lines to be Eliminated by Australia

New Delhi: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal said that duties on 100 percent tariff lines would be eliminated by Australia under the landmark India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA). He was addressing a press conference on the ECTA following the approval of the Agreement by the

Read More »

IIJS Signature 2023 Launches “ONE EARTH” Initiative

Mumbai: In a major step towards sustainable development goals, IIJS Signature 2023, scheduled from 5th – 9th January 2023, is launching the “ONE EARTH” initiative in association with SankalpTaru Foundation. This is the first such large-scale pro-environment initiative by a gem & jewellery trade organisation in India. The tree plantation drive is aimed at offsetting carbon emissions generated by IIJS Shows with

Read More »

Shine this Season with Platinum Evara

Mumbai: A time of joyous celebration with family and friends, the festive and party season brings along a slew of special events and gatherings to attend. While selecting the perfect outfit for each occasion might seem like a task, let your jewellery be the focal point of your look, as you choose from an exquisite range of platinum jewellery pieces

Read More »

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