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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
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
Top News
IIG and Gemewizard to Commence Online Courses
Mumbai: International Institute of Gemology, Mumbai, officially announced the starting of a new on-line course to run in collaboration with The Gem Colour Academy, Gemewizard®. The new venture enables IIG to offer online and on-site classes of Gem Color Academy’s Colored Stones Grading Course and Coloured Diamond Grading Course in its premises in India and Hong Kong. Mr. Rahul Desai,
Argyle Pink Diamonds Tender Delivers Record Results
Perth: Rio Tinto’s 2020 Argyle Pink Diamonds Tender collection of 62 rare pink, red, blue and violet diamonds from its Argyle mine in Australia has delivered a record result, reflecting their extraordinary rarity and unique provenance. The 2020 collection continued its trajectory of double digit price growth and a record number of participants with successful bidders from eight countries. Whilst bids and values remain
SODIAM Gets Interest from 5 major Auction Houses
Luanda: SODIAM has received interest from 5 global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Hon. Diamantino Azevedo said, “Angola today has 14 active mining sites and has produced a total amount of 9.086 million carats in 2019 for an estimated value of US$1.263 billion. One
…Giving Disabled Namibians a Bright Future
Windhoek: There have always been conversations around ‘disability’ and the word ‘disabled’. Who are the disabled? What is the definition of the word disability? What are organizations doing to weave them into the mainstream workforce? Diversity and inclusion does not only pertain to gender but also people with different abilities. They are differently-abled and not disabled. This is what Namibian
IIG and Gemewizard to Commence Online Courses
Mumbai: International Institute of Gemology, Mumbai, officially announced the starting of a new on-line course to run in collaboration with The Gem Colour Academy, Gemewizard®. The new venture enables IIG to offer online and on-site classes of Gem Color Academy’s Colored Stones Grading Course and Coloured Diamond Grading Course in its premises in India and Hong Kong. Mr. Rahul Desai,
Argyle Pink Diamonds Tender Delivers Record Results
Perth: Rio Tinto’s 2020 Argyle Pink Diamonds Tender collection of 62 rare pink, red, blue and violet diamonds from its Argyle mine in Australia has delivered a record result, reflecting their extraordinary rarity and unique provenance. The 2020 collection continued its trajectory of double digit price growth and a record number of participants with successful bidders from eight countries. Whilst bids and values remain
SODIAM Gets Interest from 5 major Auction Houses
Luanda: SODIAM has received interest from 5 global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Hon. Diamantino Azevedo said, “Angola today has 14 active mining sites and has produced a total amount of 9.086 million carats in 2019 for an estimated value of US$1.263 billion. One
…Giving Disabled Namibians a Bright Future
Windhoek: There have always been conversations around ‘disability’ and the word ‘disabled’. Who are the disabled? What is the definition of the word disability? What are organizations doing to weave them into the mainstream workforce? Diversity and inclusion does not only pertain to gender but also people with different abilities. They are differently-abled and not disabled. This is what Namibian
