Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself

Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger

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Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself

Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger

Read More »

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India's G&J Sector has Huge Potential in Hong Kong

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) hosted the 10th edition of India Global Connect, a business networking meet, with Hong Kong on 30th September 2021. India’s gem and jewellery exports to Hong Kong accounts for a third of India’s total gem and jewellery exports. However, India has penetrated only 12% of the HK Market. The meet provided

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Lifetime Achievement Award for Stephen Lussier

New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, and the GEM Awards Committee announced that Stephen Lussier of De Beers, will be the recipient of the GEM Award for Lifetime Achievement at the 20th annual GEM Awards taking place on Friday, January 14, 2022, at Cipriani 42nd Street in New York

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Gold Exchange Gets Clearance from Sebi

Mumbai: Sebi gave its nod to set up a Gold Exchange, which is expected to create a vibrant gold ecosystem in India commensurate with the country’s large share of global gold consumption. The capital markets regulator, the Securities and Exchange Board of India (Sebi), on September 28 came out with a series of significant guidelines. Sebi gave its nod to

Read More »

Examining Impact of Online Trading on Pearl Sector

Milan: The COVID-19 pandemic has proven to be a watershed moment for jewellery’s pearl sector, as it has for most other parts of the industry, initiating changes that most probably are irreversible. The migration to online trading of loose pearls and pearl jewellery is certainly one of them. The pearl sector has always stood apart in the industry, and this

Read More »

India's G&J Sector has Huge Potential in Hong Kong

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) hosted the 10th edition of India Global Connect, a business networking meet, with Hong Kong on 30th September 2021. India’s gem and jewellery exports to Hong Kong accounts for a third of India’s total gem and jewellery exports. However, India has penetrated only 12% of the HK Market. The meet provided

Read More »

Lifetime Achievement Award for Stephen Lussier

New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, and the GEM Awards Committee announced that Stephen Lussier of De Beers, will be the recipient of the GEM Award for Lifetime Achievement at the 20th annual GEM Awards taking place on Friday, January 14, 2022, at Cipriani 42nd Street in New York

Read More »

Gold Exchange Gets Clearance from Sebi

Mumbai: Sebi gave its nod to set up a Gold Exchange, which is expected to create a vibrant gold ecosystem in India commensurate with the country’s large share of global gold consumption. The capital markets regulator, the Securities and Exchange Board of India (Sebi), on September 28 came out with a series of significant guidelines. Sebi gave its nod to

Read More »

Examining Impact of Online Trading on Pearl Sector

Milan: The COVID-19 pandemic has proven to be a watershed moment for jewellery’s pearl sector, as it has for most other parts of the industry, initiating changes that most probably are irreversible. The migration to online trading of loose pearls and pearl jewellery is certainly one of them. The pearl sector has always stood apart in the industry, and this

Read More »

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