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The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
Top News
Assets Worth Rs. 19,111 of Defaulters Attached
New Delhi: The Indian government on Tuesday said assets worth ₹19,111 crore relating to fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, have been attached so far. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the three fugitives have defrauded public sector banks by siphoning off funds through their companies resulting
Alrosa to Shut Down its US Office
New York: Alrosa is to close its US office by the end of next month, in the wake of Russia’s invasion of Ukraine and the subsequent sanctions on diamond imports. News of the closure comes just days after Rebecca Foerster stood down as president of the Alrosa USA operation, citing “the geopolitical situation”. The miner’s New York office first opened
India' Gold Production Can Reach 20 Tonnes a Year
Mumbai: The World Gold Council (WGC) recently launched a report titled ‘Gold Mining in India’, as part of a series of in-depth analysis on the Indian gold market. The report highlights how India has a rich heritage of gold mining, but the industry’s growth has been hampered by legacy processes and under-investments. Despite India being one of the world’s largest consumers of gold,
Eyal Shirazy is Appointed ED of GET-Diamonds
Antwerp: The World Federation of Diamond Bourses (WFDB) announced today that Eyal Shirazy has been appointed Executive Director of GET-Diamonds, its global B2B trading platform for polished diamonds. Yoram Dvash, President of the WFDB, said “We are very pleased that Eyal is leading GET-Diamonds. We are confident that the knowledge and experience he brings will make GET-Diamonds the most technologically
Assets Worth Rs. 19,111 of Defaulters Attached
New Delhi: The Indian government on Tuesday said assets worth ₹19,111 crore relating to fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, have been attached so far. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the three fugitives have defrauded public sector banks by siphoning off funds through their companies resulting
Alrosa to Shut Down its US Office
New York: Alrosa is to close its US office by the end of next month, in the wake of Russia’s invasion of Ukraine and the subsequent sanctions on diamond imports. News of the closure comes just days after Rebecca Foerster stood down as president of the Alrosa USA operation, citing “the geopolitical situation”. The miner’s New York office first opened
India' Gold Production Can Reach 20 Tonnes a Year
Mumbai: The World Gold Council (WGC) recently launched a report titled ‘Gold Mining in India’, as part of a series of in-depth analysis on the Indian gold market. The report highlights how India has a rich heritage of gold mining, but the industry’s growth has been hampered by legacy processes and under-investments. Despite India being one of the world’s largest consumers of gold,
Eyal Shirazy is Appointed ED of GET-Diamonds
Antwerp: The World Federation of Diamond Bourses (WFDB) announced today that Eyal Shirazy has been appointed Executive Director of GET-Diamonds, its global B2B trading platform for polished diamonds. Yoram Dvash, President of the WFDB, said “We are very pleased that Eyal is leading GET-Diamonds. We are confident that the knowledge and experience he brings will make GET-Diamonds the most technologically
