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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
UK Clears Extradition Process against Nirav Modi
London: India has been informed by the UK’s Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamantaire Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today. According to The Times of India, the Central Bureau of Investigation (CBI) has begun the process of filing an extradition request for Modi, which
CAR Appoints Peter Meeus as Adviser
The Central African Republic (CAR) has appointed industry veteran Peter Meeus as a government adviser, in line with the nation’s efforts to make its diamond sector compliant with global standards. Meeus (pictured), as international diamond specialist and special adviser, will help CAR with its attempts to meet the Kimberley Process (KP) Certification System rules and improve the performance of its diamond
Rare platinum, Perfect Gift of Love this Father’s Day
Mumbai: How do you honour a man who has been the constant pillar of strength and wisdom in your life? Who surprised you and pushed you to take risks, to explore beyond the norm and voice your thoughts – strong and confident. He grew with you to see the world through your eyes. So, what can equate this rare strength
DEF Hosts Record 2018 Diamonds Do Good Awards
Las Vegas: The Diamond Empowerment Fund (D.E.F) last week hosted its most successful Diamonds Do Good Awards to-date, held May 31 in Las Vegas. The funds raised will be used to provide higher education scholarships and assistance to empower young people living in diamond producing countries and where the diamond industry does business and to help communicate this ‘diamonds do
UK Clears Extradition Process against Nirav Modi
London: India has been informed by the UK’s Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamantaire Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today. According to The Times of India, the Central Bureau of Investigation (CBI) has begun the process of filing an extradition request for Modi, which
CAR Appoints Peter Meeus as Adviser
The Central African Republic (CAR) has appointed industry veteran Peter Meeus as a government adviser, in line with the nation’s efforts to make its diamond sector compliant with global standards. Meeus (pictured), as international diamond specialist and special adviser, will help CAR with its attempts to meet the Kimberley Process (KP) Certification System rules and improve the performance of its diamond
Rare platinum, Perfect Gift of Love this Father’s Day
Mumbai: How do you honour a man who has been the constant pillar of strength and wisdom in your life? Who surprised you and pushed you to take risks, to explore beyond the norm and voice your thoughts – strong and confident. He grew with you to see the world through your eyes. So, what can equate this rare strength
DEF Hosts Record 2018 Diamonds Do Good Awards
Las Vegas: The Diamond Empowerment Fund (D.E.F) last week hosted its most successful Diamonds Do Good Awards to-date, held May 31 in Las Vegas. The funds raised will be used to provide higher education scholarships and assistance to empower young people living in diamond producing countries and where the diamond industry does business and to help communicate this ‘diamonds do
