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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
WFDB-IDMA Presidents' Meeting Opened in Dubai
Dubai: The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai today with special sessions on lab-grown diamonds and provenance and traceability. An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ribbon cutting to officially open the Presidents Meeting. Angola has the potential to become the first and largest mining
Forevermark Takes Center Stage at the 2019 Emmys
Mumbai: Forevermark diamonds lit up the red carpet at the 71st Annual Primetime Emmy Awards on actors Mandy Moore and Viola Davis. The stars arrived on the red carpet at the Microsoft Theater dazzling onlookers in this season’s latest diamond jewelry trends, particularly statement earrings, layered necklaces and timeless diamond classics. Emmy nominee Mandy Moore of This Is Us looked sleek and elegant wearing an off-the-shoulder gown adorned by white
JNA Jewellery Design Competition Fetes Winners
Hong Kong: JNA recognised the winners and finalists of its inauguralJNA Jewellery Design Competition 2018/19 in a prize presentation ceremony on 18 September 2019 during the Fair Reception of the September Hong Kong Jewellery & Gem Fair 2019 at the Hong Kong Convention & Exhibition Centre. Organised by JNA of Informa Markets, the competition celebrates creativity, innovation and excellence in
TRUSTFOREVERMARK, the Latest Campaign Launched
Mumbai: Forevermark, the diamond brand from the De Beers Group, has launched its latest consumer campaign ‘TrustForevermark’ to help all prospective buyers allay their doubts, fears and questions that arise when buying diamonds. The campaign reaffirms the trust the brand, Forevermark inspires. It highlights the essence of the brand and the apprehensions consumers face when purchasing a diamond. The campaign was formulated after extensive research conducted
WFDB-IDMA Presidents' Meeting Opened in Dubai
Dubai: The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai today with special sessions on lab-grown diamonds and provenance and traceability. An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ribbon cutting to officially open the Presidents Meeting. Angola has the potential to become the first and largest mining
Forevermark Takes Center Stage at the 2019 Emmys
Mumbai: Forevermark diamonds lit up the red carpet at the 71st Annual Primetime Emmy Awards on actors Mandy Moore and Viola Davis. The stars arrived on the red carpet at the Microsoft Theater dazzling onlookers in this season’s latest diamond jewelry trends, particularly statement earrings, layered necklaces and timeless diamond classics. Emmy nominee Mandy Moore of This Is Us looked sleek and elegant wearing an off-the-shoulder gown adorned by white
JNA Jewellery Design Competition Fetes Winners
Hong Kong: JNA recognised the winners and finalists of its inauguralJNA Jewellery Design Competition 2018/19 in a prize presentation ceremony on 18 September 2019 during the Fair Reception of the September Hong Kong Jewellery & Gem Fair 2019 at the Hong Kong Convention & Exhibition Centre. Organised by JNA of Informa Markets, the competition celebrates creativity, innovation and excellence in
TRUSTFOREVERMARK, the Latest Campaign Launched
Mumbai: Forevermark, the diamond brand from the De Beers Group, has launched its latest consumer campaign ‘TrustForevermark’ to help all prospective buyers allay their doubts, fears and questions that arise when buying diamonds. The campaign reaffirms the trust the brand, Forevermark inspires. It highlights the essence of the brand and the apprehensions consumers face when purchasing a diamond. The campaign was formulated after extensive research conducted
