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 »

Top News

GJEPC Seeks to Build Consensus on FTC Guidelines

  Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has begun multiple initiatives and is interacting with various industry stakeholders in an attempt to build a global consensus on the industry response and draw up a plan of action in response to last month’s announcement of revisions to the FTC Jewelry Guides related to marketing of diamonds in the

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IIJS 2018 Generates Business Worth Rs. 8k Crore

Mumbai: The 35th edition of the India international Jewellery Show IIJS organised by GJEPC concluded in Mumbai today with a note of positivity and cheer for the entire trade. IIJS, a premium annual event received all round support with over 40,000 visitors from over 800 cities across 80 countries attending and previewing exhibitions of over 1300 exhibitors. GJEPC had organised a

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Wallace Chan to Speak at Gem-A Conference 2018

London: Gem-A (the Gemmological Association of Great Britain) will welcome internationally-recognised jewellery artist, Wallace Chan, to its annual Gem-A Conference opening on November 3, 2018. Mr. Chan will be the inaugural speaker at the two-day Conference, which gathers the world’s leading gemmologists, mining specialists, geologists, jewellery collectors, gemstone cutters and jewellery historians to London for a range of insightful talks

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GJEPC’s CSR initiative ‘Jewellers for Hope’

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), in association with De Beers and Powered by Gemological Institute of America (GIA), presented the fourth edition of ‘Jewellers for Hope’ on August 9. A gala charity dinner with an avowed objective to collaborate and contribute for the larger cause of preventing the exploitation of the child and as well support the cause of the

Read More »

GJEPC Seeks to Build Consensus on FTC Guidelines

  Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has begun multiple initiatives and is interacting with various industry stakeholders in an attempt to build a global consensus on the industry response and draw up a plan of action in response to last month’s announcement of revisions to the FTC Jewelry Guides related to marketing of diamonds in the

Read More »

IIJS 2018 Generates Business Worth Rs. 8k Crore

Mumbai: The 35th edition of the India international Jewellery Show IIJS organised by GJEPC concluded in Mumbai today with a note of positivity and cheer for the entire trade. IIJS, a premium annual event received all round support with over 40,000 visitors from over 800 cities across 80 countries attending and previewing exhibitions of over 1300 exhibitors. GJEPC had organised a

Read More »

Wallace Chan to Speak at Gem-A Conference 2018

London: Gem-A (the Gemmological Association of Great Britain) will welcome internationally-recognised jewellery artist, Wallace Chan, to its annual Gem-A Conference opening on November 3, 2018. Mr. Chan will be the inaugural speaker at the two-day Conference, which gathers the world’s leading gemmologists, mining specialists, geologists, jewellery collectors, gemstone cutters and jewellery historians to London for a range of insightful talks

Read More »

GJEPC’s CSR initiative ‘Jewellers for Hope’

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), in association with De Beers and Powered by Gemological Institute of America (GIA), presented the fourth edition of ‘Jewellers for Hope’ on August 9. A gala charity dinner with an avowed objective to collaborate and contribute for the larger cause of preventing the exploitation of the child and as well support the cause of the

Read More »

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