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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Celebrate Father’s Day with Platinum

Mumbai: Every day, we see examples of strong and powerful women who are slowly but surely changing the world by breaking glass ceilings, unshackling themselves from stereotypes and challenging gender norms. Parents indeed play a pivotal role when it comes to the core values & beliefs that are instilled in their children, especially their daughters from a young age. Fathers

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GJEPC Mourns Demise of Kishandas Maheshwari

Mumbai: Mr. Kishandas Maheshwari, a leading light of the coloured gemstone industry and the Jaipur Region, and the Convener of the Coloured Gemstone Panel Committee of The Gem & Jewellery Export Council (GJEPC) is no more. He lost a well and bravely fought battle against cancer recently. Soft-spoken and unassuming, Maheshwariji,  has had a long and strong association with the

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Bunder Diamond Project in India to be Auctioned

Bhopal: Madhya Pradesh (India) government has decided to auction mining rights for the Bunder diamonds project in Chhattarpur district left mid-way by Rio Tinto in 2016, reports The Times of India. The state cabinet approved auction of diamond mines to companies based in Madhya Pradesh first and thereafter, mining firms from outside the state. “After exploration, the diamond reserves have

Read More »

Forevermark Hosts Programme for Retailers

Mumbai: Forevermark, the diamond brand from De Beers Group, recently organised a customised programme on ‘Leading Business Transformation’ for their authorized retailers at the London School of Economics and Political Science (LSE) in Shanghai at the NYU Campus, one of the foremost social science universities in the world. Working with the London School of Economics and Political Science, Forevermark built

Read More »

Celebrate Father’s Day with Platinum

Mumbai: Every day, we see examples of strong and powerful women who are slowly but surely changing the world by breaking glass ceilings, unshackling themselves from stereotypes and challenging gender norms. Parents indeed play a pivotal role when it comes to the core values & beliefs that are instilled in their children, especially their daughters from a young age. Fathers

Read More »

GJEPC Mourns Demise of Kishandas Maheshwari

Mumbai: Mr. Kishandas Maheshwari, a leading light of the coloured gemstone industry and the Jaipur Region, and the Convener of the Coloured Gemstone Panel Committee of The Gem & Jewellery Export Council (GJEPC) is no more. He lost a well and bravely fought battle against cancer recently. Soft-spoken and unassuming, Maheshwariji,  has had a long and strong association with the

Read More »

Bunder Diamond Project in India to be Auctioned

Bhopal: Madhya Pradesh (India) government has decided to auction mining rights for the Bunder diamonds project in Chhattarpur district left mid-way by Rio Tinto in 2016, reports The Times of India. The state cabinet approved auction of diamond mines to companies based in Madhya Pradesh first and thereafter, mining firms from outside the state. “After exploration, the diamond reserves have

Read More »

Forevermark Hosts Programme for Retailers

Mumbai: Forevermark, the diamond brand from De Beers Group, recently organised a customised programme on ‘Leading Business Transformation’ for their authorized retailers at the London School of Economics and Political Science (LSE) in Shanghai at the NYU Campus, one of the foremost social science universities in the world. Working with the London School of Economics and Political Science, Forevermark built

Read More »

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