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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
Angola Considering to Build Second Diamond Hub
Dubai: Angola is considering building a second diamond in Lunda Norte Province once vacancies are filled at the Saurimo hub, according to media reports. Mineral resources minister Diamantino Azevedo was quoted as saying at the just ended Dubai Diamond Conference that the hub and the country’s diamond sector were open to international investments. The Saurimo hub, also in Lunda Norte
14th IIJS Signature Does Business of about Rs. 5000 cr.
Mumbai: The 14th edition of IIJS Signature 2022, organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO, Mumbai, concluded successfully on 21st February. The show witnessed nearly 950 exhibitors who occupied 1,470 booths spread across four exhibition halls. There were more than 17242 visitors, including 571 international visitors and delegations from USA, UAE, Egypt, Nepal, Uzbekistan,
IIGJ Introduces Origin Certification Service for Emeralds
Jaipur: IIGJ-Research & Laboratories Centre (IIGJ-RLC) is the new brand identity after the merger of two well-established laboratories operated by India’s Gem & Jewellery export Promotion Council (GJEPC), the Gem Testing Laboratory (GTL, Jaipur) and the Indian Gemmological Institute – Gem Testing Laboratory (IGI-GTL, Delhi). The laboratory has now emerged as the leading facility in the country for certification of loose
Rs. 18,000 Crore Returned to Banks from Defaulters
New Delhi: The Centre informed the Supreme Court yesterday that banks got back Rs. 18,000 crore from absconding businessmen Vijay Mallya, Nirav Modi and Mehul Choksi after proceedings were initiated under the Prevention of Money Laundering Act (PMLA), 2002. Solicitor General Mr. Tushar Mehta told a three-judge bench led by Justice A M Khanwilkar that 4,700 cases are being investigated by the
Angola Considering to Build Second Diamond Hub
Dubai: Angola is considering building a second diamond in Lunda Norte Province once vacancies are filled at the Saurimo hub, according to media reports. Mineral resources minister Diamantino Azevedo was quoted as saying at the just ended Dubai Diamond Conference that the hub and the country’s diamond sector were open to international investments. The Saurimo hub, also in Lunda Norte
14th IIJS Signature Does Business of about Rs. 5000 cr.
Mumbai: The 14th edition of IIJS Signature 2022, organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO, Mumbai, concluded successfully on 21st February. The show witnessed nearly 950 exhibitors who occupied 1,470 booths spread across four exhibition halls. There were more than 17242 visitors, including 571 international visitors and delegations from USA, UAE, Egypt, Nepal, Uzbekistan,
IIGJ Introduces Origin Certification Service for Emeralds
Jaipur: IIGJ-Research & Laboratories Centre (IIGJ-RLC) is the new brand identity after the merger of two well-established laboratories operated by India’s Gem & Jewellery export Promotion Council (GJEPC), the Gem Testing Laboratory (GTL, Jaipur) and the Indian Gemmological Institute – Gem Testing Laboratory (IGI-GTL, Delhi). The laboratory has now emerged as the leading facility in the country for certification of loose
Rs. 18,000 Crore Returned to Banks from Defaulters
New Delhi: The Centre informed the Supreme Court yesterday that banks got back Rs. 18,000 crore from absconding businessmen Vijay Mallya, Nirav Modi and Mehul Choksi after proceedings were initiated under the Prevention of Money Laundering Act (PMLA), 2002. Solicitor General Mr. Tushar Mehta told a three-judge bench led by Justice A M Khanwilkar that 4,700 cases are being investigated by the
