The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

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The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

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Top News

Adverse Effect of Ukraine Crisis on Indian Diamond Ind.

Mumbai: India’s diamond trade is likely to see a slowdown in sales in the coming months as a result of the Russia crisis, according to a major credit agency in the country. The removal of several Russian banks from the Swift international payment system has made it difficult to complete transactions, potentially causing supply disruptions, Crisil — part of S&P

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India's Gold Jewellery Exports Grew by 50%

Mumbai: The industry is witnessing a surge in exports and domestic sales of gold jewellery (Plain & Studded) post pandemic. In the calendar year 2021, exports of gold jewellery grew by 50% to USD 8807.50 million as compared to USD 5876.39 million in 2020. Mr. Colin Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) said, “We are

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De Beers’ Diamond Sights Back to Gaborone

Gaborone: De Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the COVID-19 pandemic forced them to be held in cities including Antwerp and Dubai. De Beers had moved its pre-sale viewings from Botswana in May 2020 when travel restrictions to curb the pandemic prevented its international customers from flying

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Alrosa Affected by US Sanctions

Washington: Diamond mining company Alrosa is among the institutions hit with U.S. sanctions following Russia’s invasion of Ukraine. The sanctions “target the core infrastructure of the Russian financial system — including all of Russia’s largest financial institutions and the ability of state-owned and private entities to raise capital — and further bar Russia from the global financial system,” according to

Read More »

Adverse Effect of Ukraine Crisis on Indian Diamond Ind.

Mumbai: India’s diamond trade is likely to see a slowdown in sales in the coming months as a result of the Russia crisis, according to a major credit agency in the country. The removal of several Russian banks from the Swift international payment system has made it difficult to complete transactions, potentially causing supply disruptions, Crisil — part of S&P

Read More »

India's Gold Jewellery Exports Grew by 50%

Mumbai: The industry is witnessing a surge in exports and domestic sales of gold jewellery (Plain & Studded) post pandemic. In the calendar year 2021, exports of gold jewellery grew by 50% to USD 8807.50 million as compared to USD 5876.39 million in 2020. Mr. Colin Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) said, “We are

Read More »

De Beers’ Diamond Sights Back to Gaborone

Gaborone: De Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the COVID-19 pandemic forced them to be held in cities including Antwerp and Dubai. De Beers had moved its pre-sale viewings from Botswana in May 2020 when travel restrictions to curb the pandemic prevented its international customers from flying

Read More »

Alrosa Affected by US Sanctions

Washington: Diamond mining company Alrosa is among the institutions hit with U.S. sanctions following Russia’s invasion of Ukraine. The sanctions “target the core infrastructure of the Russian financial system — including all of Russia’s largest financial institutions and the ability of state-owned and private entities to raise capital — and further bar Russia from the global financial system,” according to

Read More »

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