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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
India China Block Each Other's Imports-Exports
Mumbai: As the tensions between India and China continue to rise after the military standoff at Ladakh, a fierce trade war between the two countries is looming, and imports and exports are already being affected. ‘India Today’ reports that while in India, the call to boycott Chinese goods is sounding louder and louder, exporters are experiencing trouble to export goods
NDC to be Truely Consumer Centric: David Kellie
The Diamond Producers Association (DPA) has been recently re launched as the Natural Diamond Council (NDC). The NDC will continue the DPA’s mandate to promote the desirability of natural diamonds and support the integrity of the diamond jewelry industry. CEO of the NDC Mr. David Kellie here talks to gems2jewellery.com about its plans and future strategy. Responding to a question,
Indian Customs Implements Paperless Exports
New Delhi: The procedure for exports from India has been transformed into an end to end paperless process with the introduction of a Secure QR coded Shipping Bill that will be dispatched electronically to exporters, the Ministry of Finance, Government of India announced in a statement released yesterday. It said that from June 22, 2020, the end to end Customs
India’s G&J Exports Fell by 83% in April-May 2020
Mumbai: India’s gross exports of gems and jewellery (G&J) during the months of April and May 2020 dipped significantly to US$ 572.18 million, down 83.68% as compared to the same months a year earlier, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). The slump, as a result of the total closure of all manufacturing
India China Block Each Other's Imports-Exports
Mumbai: As the tensions between India and China continue to rise after the military standoff at Ladakh, a fierce trade war between the two countries is looming, and imports and exports are already being affected. ‘India Today’ reports that while in India, the call to boycott Chinese goods is sounding louder and louder, exporters are experiencing trouble to export goods
NDC to be Truely Consumer Centric: David Kellie
The Diamond Producers Association (DPA) has been recently re launched as the Natural Diamond Council (NDC). The NDC will continue the DPA’s mandate to promote the desirability of natural diamonds and support the integrity of the diamond jewelry industry. CEO of the NDC Mr. David Kellie here talks to gems2jewellery.com about its plans and future strategy. Responding to a question,
Indian Customs Implements Paperless Exports
New Delhi: The procedure for exports from India has been transformed into an end to end paperless process with the introduction of a Secure QR coded Shipping Bill that will be dispatched electronically to exporters, the Ministry of Finance, Government of India announced in a statement released yesterday. It said that from June 22, 2020, the end to end Customs
India’s G&J Exports Fell by 83% in April-May 2020
Mumbai: India’s gross exports of gems and jewellery (G&J) during the months of April and May 2020 dipped significantly to US$ 572.18 million, down 83.68% as compared to the same months a year earlier, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). The slump, as a result of the total closure of all manufacturing
