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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
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Argyle Pink Diamonds Tender Delivers Good Results
Perth: Rio Tinto’s 2019 Argyle Pink Diamonds Tender collection of 64 rare pink and red diamonds from its iconic Argyle mine has delivered strong results reflecting intense global demand for the rare diamonds. The 2019 collection, the 35th Tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine countries.
PGI Launches New Marketing Campaign
Mumbai: “I am a re-write obsessive” and “SHE – a one-take wonder” – These lines from the latest digital film launched by Platinum Days of Love are just a short glimpse of the film that unfolds to tell the most endearing story of a couple. Two accomplished individuals in their own field – the boy a celebrated writer and the
Rajesh Exports Reported Increase in Revenues
Bengaluru (By Evaluate Research): Rajesh Exports reported a stellar increase in revenues on a sequential QoQ and YoY basis while net profit growth was flat on YoY basis and in positive single digits on a sequential QoQ basis for the second quarter ended September 2019. Revenues for the second quarter came in at Rs.668 bn, up 25% YoY and 65% on a sequential QoQ basis. Revenue growth
KP Urges for Consensus Based Decision Approach
New Delhi: The Kimberley Process Plenary Meet commenced at the national capital, New Delhi on 18th Nov. The five-day meet will end on 22 Nov. 2019. KPCS is an international mechanism mandated by UN to reduce the flow of conflict diamonds which were being used to finance wars against legitimate governments. KP has 55 Participants, representing 82 countries, with the
Argyle Pink Diamonds Tender Delivers Good Results
Perth: Rio Tinto’s 2019 Argyle Pink Diamonds Tender collection of 64 rare pink and red diamonds from its iconic Argyle mine has delivered strong results reflecting intense global demand for the rare diamonds. The 2019 collection, the 35th Tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine countries.
PGI Launches New Marketing Campaign
Mumbai: “I am a re-write obsessive” and “SHE – a one-take wonder” – These lines from the latest digital film launched by Platinum Days of Love are just a short glimpse of the film that unfolds to tell the most endearing story of a couple. Two accomplished individuals in their own field – the boy a celebrated writer and the
Rajesh Exports Reported Increase in Revenues
Bengaluru (By Evaluate Research): Rajesh Exports reported a stellar increase in revenues on a sequential QoQ and YoY basis while net profit growth was flat on YoY basis and in positive single digits on a sequential QoQ basis for the second quarter ended September 2019. Revenues for the second quarter came in at Rs.668 bn, up 25% YoY and 65% on a sequential QoQ basis. Revenue growth
KP Urges for Consensus Based Decision Approach
New Delhi: The Kimberley Process Plenary Meet commenced at the national capital, New Delhi on 18th Nov. The five-day meet will end on 22 Nov. 2019. KPCS is an international mechanism mandated by UN to reduce the flow of conflict diamonds which were being used to finance wars against legitimate governments. KP has 55 Participants, representing 82 countries, with the
