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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
Top News
WGC Appoints David Tait as Incoming CEO
London: The World Gold Council (WGC), the market development organisation for the gold industry, yesterday announced the appointment of David Tait as incoming Chief Executive Officer. David joins the World Gold Council following a highly successful career in the financial services industry. David was most recently Global Head of Fixed Income Macro Products at Credit Suisse. Prior to that he held senior trading
GJEPC’s 2nd India Gold & Jewellery Summit Concluded
Upscale, upgrade & forge partnerships: Suresh Prabhu GJEPC seeks ease of doing business and reduction of customs duty on gold to 4% New Delhi: The country’s top policy makers, gem & jewellery stakeholders and decision makers got together for the most significant annual gems & jewellery industry summit – India Gold & Jewellery Summit 2018 – organized by The Gem
Forevermark Launches Rac&Stac Collection
Mumbai: One jewellery trend that has never gone out of fashion is stackable rings. Over the years the style has only been experimented with to evolve into a must-have in every woman’s wardrobe. This Christmas, Forevermark is celebrating the holiday spirit by bringing this style back with a fun and stylish collection called Rac&Stac that can be worn from day to night in over 200
Albert Milton Appointed MD of Debswana Diamond Co.
Gaborone: Debswana Diamond Company today announced that Managing Director Mr. Balisi Bonyongo will retire from the business with effect from 30 November 2018, following 26 years of dedicated service to the organisation. The Shareholders of Debswana have appointed Mr. Albert Milton, currently General Manager of Jwaneng Mine, to take over as the Company’s Managing Director with effect from 1 December
WGC Appoints David Tait as Incoming CEO
London: The World Gold Council (WGC), the market development organisation for the gold industry, yesterday announced the appointment of David Tait as incoming Chief Executive Officer. David joins the World Gold Council following a highly successful career in the financial services industry. David was most recently Global Head of Fixed Income Macro Products at Credit Suisse. Prior to that he held senior trading
GJEPC’s 2nd India Gold & Jewellery Summit Concluded
Upscale, upgrade & forge partnerships: Suresh Prabhu GJEPC seeks ease of doing business and reduction of customs duty on gold to 4% New Delhi: The country’s top policy makers, gem & jewellery stakeholders and decision makers got together for the most significant annual gems & jewellery industry summit – India Gold & Jewellery Summit 2018 – organized by The Gem
Forevermark Launches Rac&Stac Collection
Mumbai: One jewellery trend that has never gone out of fashion is stackable rings. Over the years the style has only been experimented with to evolve into a must-have in every woman’s wardrobe. This Christmas, Forevermark is celebrating the holiday spirit by bringing this style back with a fun and stylish collection called Rac&Stac that can be worn from day to night in over 200
Albert Milton Appointed MD of Debswana Diamond Co.
Gaborone: Debswana Diamond Company today announced that Managing Director Mr. Balisi Bonyongo will retire from the business with effect from 30 November 2018, following 26 years of dedicated service to the organisation. The Shareholders of Debswana have appointed Mr. Albert Milton, currently General Manager of Jwaneng Mine, to take over as the Company’s Managing Director with effect from 1 December
