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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
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GJEPC to Organise IGJS in Dubai from 14 Aug, 2021
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery trade in India with the support of Govt. of India, is organising the inaugural International Gem & Jewellery Show (IGJS), an in-person exhibition, in Dubai from 14th to 16th August 2021. Mr. Colin Shah, Chairman, GJEPC said, “To cater to the pent-up demand and a call from exhibitors
India Govt to Issue Guidelines on Hallmarking Soon
Mumbai: Based on multiple meetings with the Expert Committee members last week, the Ministry of Consumer Affairs will be soon coming out with extant rules for implementation of Hallmarking act along with amendments. India’s Gem & Jewellery Export Promotion Council (GJEPC) as part of the Expert Committee had made a series of representations and had rigorously followed up with the
GJEPC Appreciates USTR’s Decision to Suspend Tariffs
Mumbai: Announcing the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by India, Austria, Italy, Spain, and Turkey, United States Trade Representative (USTR) has suspended tariffs on goods from these countries for up to 180 days to provide additional time to complete the ongoing multilateral negotiations on international taxation at the OECD and in the
'Forevermark' Reaffirms Commitment to Natural World
Mumbai: Forevermark, the diamond brand from the De Beers Group, that has made a long-term commitment to take care of the natural environment and focus on ‘Building Forever’, is on track to achieve the 12 sustainability goals in the coming decade. These goals include leading ethical practices across industry, partnering for thriving communities, protecting the natural world and accelerating equal
GJEPC to Organise IGJS in Dubai from 14 Aug, 2021
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery trade in India with the support of Govt. of India, is organising the inaugural International Gem & Jewellery Show (IGJS), an in-person exhibition, in Dubai from 14th to 16th August 2021. Mr. Colin Shah, Chairman, GJEPC said, “To cater to the pent-up demand and a call from exhibitors
India Govt to Issue Guidelines on Hallmarking Soon
Mumbai: Based on multiple meetings with the Expert Committee members last week, the Ministry of Consumer Affairs will be soon coming out with extant rules for implementation of Hallmarking act along with amendments. India’s Gem & Jewellery Export Promotion Council (GJEPC) as part of the Expert Committee had made a series of representations and had rigorously followed up with the
GJEPC Appreciates USTR’s Decision to Suspend Tariffs
Mumbai: Announcing the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by India, Austria, Italy, Spain, and Turkey, United States Trade Representative (USTR) has suspended tariffs on goods from these countries for up to 180 days to provide additional time to complete the ongoing multilateral negotiations on international taxation at the OECD and in the
'Forevermark' Reaffirms Commitment to Natural World
Mumbai: Forevermark, the diamond brand from the De Beers Group, that has made a long-term commitment to take care of the natural environment and focus on ‘Building Forever’, is on track to achieve the 12 sustainability goals in the coming decade. These goals include leading ethical practices across industry, partnering for thriving communities, protecting the natural world and accelerating equal
