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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BDB Welcomes Joint Diamond Trading Events

Mumbai: The Bharat Diamond Bourse (BDB) in Mumbai has welcomed the announcement from the Gem and Jewellery Export Promotion Council (GJEPC) that it will be holding a specially organised Buyer-Seller meeting at around the same time as the third edition of the Bharat Diamond Week (BDW) which takes place at the bourse from 14 to16 October. The GJEPC will be holding its

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DPA Releases Independent Research Report

Mumbai: The Diamond Producers Association (DPA), a global alliance of the leading diamond mining companies, which represents 75% of the world’s diamond production, yesterday released its first independent research report on Members’ impact on local communities, employees and the environment. The report, authored by Trucost and titled The Socioeconomic and Environmental Impact of Large-Scale Diamond Mining, is the world’s first comprehensive analysis

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India Silver Jewellery BSM by GJEPC Starts

Jaipur: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewellery industry in India, kick started India Silver & Fashion Jewellery Buyer Seller Meet (BSM), in the pink city of Jaipur at Rajasthan from 12th – 14th June 2019. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Mr. Nirmal Bardiya, Regional Chairman, Silver Panel Convener

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GJEPC Discusses Issues with Trade Council

  Mumbai: Chairman of The Gem & Jewellery Export Promotion Council, Mr. Pramod Agrawal made a presentation to the Joint Meeting of the Board of Trade and the Council of Trade Development and Promotion held at New Delhi on June 6, focusing on some of the critical issues and trade bottlenecks faced by the gem and jewellery export trade. The

Read More »

BDB Welcomes Joint Diamond Trading Events

Mumbai: The Bharat Diamond Bourse (BDB) in Mumbai has welcomed the announcement from the Gem and Jewellery Export Promotion Council (GJEPC) that it will be holding a specially organised Buyer-Seller meeting at around the same time as the third edition of the Bharat Diamond Week (BDW) which takes place at the bourse from 14 to16 October. The GJEPC will be holding its

Read More »

DPA Releases Independent Research Report

Mumbai: The Diamond Producers Association (DPA), a global alliance of the leading diamond mining companies, which represents 75% of the world’s diamond production, yesterday released its first independent research report on Members’ impact on local communities, employees and the environment. The report, authored by Trucost and titled The Socioeconomic and Environmental Impact of Large-Scale Diamond Mining, is the world’s first comprehensive analysis

Read More »

India Silver Jewellery BSM by GJEPC Starts

Jaipur: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewellery industry in India, kick started India Silver & Fashion Jewellery Buyer Seller Meet (BSM), in the pink city of Jaipur at Rajasthan from 12th – 14th June 2019. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Mr. Nirmal Bardiya, Regional Chairman, Silver Panel Convener

Read More »

GJEPC Discusses Issues with Trade Council

  Mumbai: Chairman of The Gem & Jewellery Export Promotion Council, Mr. Pramod Agrawal made a presentation to the Joint Meeting of the Board of Trade and the Council of Trade Development and Promotion held at New Delhi on June 6, focusing on some of the critical issues and trade bottlenecks faced by the gem and jewellery export trade. The

Read More »

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