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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GJEPC Inaugurated its First Ever e-IGJS

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in its initiative to boost export business and to revive the market sentiments post Covid, inaugurated the first ever International Gem & Jewellery Show (e-IGJS) in the presence of Chief Guest Mr. Hardeep Singh Puri, Hon’ble Minister of State for Commerce and Industry, and Guest of Honour Mr. Suresh Kumar, Joint

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Forevermark's Spring Summer Trend Report for 2021

Mumbai: Forevermark the diamond brand from the De Beers Group recently unveiled its Spring Summer Trend Report for 2021. Developed at Forevermark’s Design and Innovation Centre in Milan, the key themes have been identified to inspire and shape desire for jewellery featuring natural diamonds for the Spring Summer 2021. As the consumer landscape has undergone significant change, a desire to

Read More »

Senco Gold Launches Showroom in Prayagraj

Allahabad: Senco Gold & Diamonds has launched its 111th store in Prayagraj, (Uttar Pradesh). This is 3rd D’SIGNIA showroom from the brand in the country after Kolkata and New Delhi, and was inaugurated recently by the Mayor of Allahabad Municipal Corporation Smt. Abhilasha Gupta and Mr. Suvankar Sen, CEO – Senco Gold & Diamonds. D’SIGNIA is a dazzling destination for

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Gold Demand Set to Increase in India: WGC

Mumbai: Gold demand appears to be positive in India as the consumer sentiment is likely to recover in 2021, from its dismal performance due to the coronavirus pandemic-related disruptions and volatile price movement, according to a report by the World Gold Council (WGC). Initial data about the Dhanteras festival in November suggest that while jewellery demand was still below average,

Read More »

GJEPC Inaugurated its First Ever e-IGJS

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in its initiative to boost export business and to revive the market sentiments post Covid, inaugurated the first ever International Gem & Jewellery Show (e-IGJS) in the presence of Chief Guest Mr. Hardeep Singh Puri, Hon’ble Minister of State for Commerce and Industry, and Guest of Honour Mr. Suresh Kumar, Joint

Read More »

Forevermark's Spring Summer Trend Report for 2021

Mumbai: Forevermark the diamond brand from the De Beers Group recently unveiled its Spring Summer Trend Report for 2021. Developed at Forevermark’s Design and Innovation Centre in Milan, the key themes have been identified to inspire and shape desire for jewellery featuring natural diamonds for the Spring Summer 2021. As the consumer landscape has undergone significant change, a desire to

Read More »

Senco Gold Launches Showroom in Prayagraj

Allahabad: Senco Gold & Diamonds has launched its 111th store in Prayagraj, (Uttar Pradesh). This is 3rd D’SIGNIA showroom from the brand in the country after Kolkata and New Delhi, and was inaugurated recently by the Mayor of Allahabad Municipal Corporation Smt. Abhilasha Gupta and Mr. Suvankar Sen, CEO – Senco Gold & Diamonds. D’SIGNIA is a dazzling destination for

Read More »

Gold Demand Set to Increase in India: WGC

Mumbai: Gold demand appears to be positive in India as the consumer sentiment is likely to recover in 2021, from its dismal performance due to the coronavirus pandemic-related disruptions and volatile price movement, according to a report by the World Gold Council (WGC). Initial data about the Dhanteras festival in November suggest that while jewellery demand was still below average,

Read More »

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