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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
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
Top News
SBI Formalises Policy to Finance LGD Manufacturers
Mumbai: State Bank of India (SBI) is the first Indian lender to frame a policy to fund manufacturers (cutters & polishers) of lab-grown diamonds (LGDs) that are replicas of naturally mined stones. LGDs are often looked at with suspicion by high-street banks and scoffed at by many traditional diamantaires, says a report in Economic Times. Reflecting the slow shift in
IIJS Premiere 2022 Ended with Record Success
Mumbai: The Gem & Jewllery Export Promotion Council’s (GJEPC) flagship show IIJS Premiere held from 4th to 8th August in Mumbai saw a record number of visitors which will generate business worth Rs. 50000 Crore to exhibitors in the coming 4 – 6 months. The event was inaugurated on 4th August by Ms. Hema Malini, Member of Parliament, along with
Get-Diamonds Reports Significant Growth in Users
Antwerp: Get-Diamonds, the diamond trading platform of the World Federation of Diamond Bourses (WFDB) and the world’s only non-profit e-commerce site, reported a significant increase in the number of registered and active users on the site during the first seven months of this year. According to Google Analytics, during January to July 2022 Get-Diamonds showed a 34% rise in new users
HRD Antwerp Design Awards Make Come Back
Antwerp: Since 1985, every two years, young and innovative designers get the opportunity to compete in the biggest jewelry design contest worldwide. But it has been in 2017 that this prestigious competition held its live red carpet nal event. This year, HRD Antwerp decided, for its 18th edition, to come back and re-invent itself under the high patronage of CIBJO
SBI Formalises Policy to Finance LGD Manufacturers
Mumbai: State Bank of India (SBI) is the first Indian lender to frame a policy to fund manufacturers (cutters & polishers) of lab-grown diamonds (LGDs) that are replicas of naturally mined stones. LGDs are often looked at with suspicion by high-street banks and scoffed at by many traditional diamantaires, says a report in Economic Times. Reflecting the slow shift in
IIJS Premiere 2022 Ended with Record Success
Mumbai: The Gem & Jewllery Export Promotion Council’s (GJEPC) flagship show IIJS Premiere held from 4th to 8th August in Mumbai saw a record number of visitors which will generate business worth Rs. 50000 Crore to exhibitors in the coming 4 – 6 months. The event was inaugurated on 4th August by Ms. Hema Malini, Member of Parliament, along with
Get-Diamonds Reports Significant Growth in Users
Antwerp: Get-Diamonds, the diamond trading platform of the World Federation of Diamond Bourses (WFDB) and the world’s only non-profit e-commerce site, reported a significant increase in the number of registered and active users on the site during the first seven months of this year. According to Google Analytics, during January to July 2022 Get-Diamonds showed a 34% rise in new users
HRD Antwerp Design Awards Make Come Back
Antwerp: Since 1985, every two years, young and innovative designers get the opportunity to compete in the biggest jewelry design contest worldwide. But it has been in 2017 that this prestigious competition held its live red carpet nal event. This year, HRD Antwerp decided, for its 18th edition, to come back and re-invent itself under the high patronage of CIBJO
