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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
Odisha Govt. Scraps Gitanjali Jewellery Park
Bhubaneswar: The Odisha government has scrapped the Rs 636-crore gems, jewellery, lifestyle and luxury goods park which was to be set up by Gitanjali Infratech Ltd, an official told The Times of India. The development comes in the wake of the multi-crore PNB scam and there is no one from the company, owned by Mehul Choksi-run Gitanjali Group, with whom
Second Edition of Bharat Diamond Week on Oct 8-9
Mumbai: Organizers of the first Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, said the show exceeded expectations. The Bharat exchange is already planning the next edition of the fair which it says will be even bigger and feature new elements. The first-ever Bharat Diamond Week was opened by US Consul General Edgard D. Kagan in
India's Gold Jewellery Exports Grew by 11% in FY18
India’s Gold Jewellery exports registered a growth of nearly 11 per cent at USD 9673.23 mn in FY18 vis-à-vis USD 8,721.88 mn in FY17 Gems and Jewellery exports from India have doubled to USD 41 bn in FY18 as against USB 21 bn in FY08 Cut & polished diamond exports grew at USD 24 bn in FY18 from USD 14
CIBJO Honours Memory of Friedrich Schwarzer
Milan: CIBJO is paying tribute to the memory of a former president, Friedrich (Fritz) Schwarzer, who died recently in Austria, after decades of public service in the jewellery industry, both in his native country and internationally, and more than 60 years of experience in the trade. He headed the World Jewellery Confederation from 1993 through 1996. Born in 1938 into
Odisha Govt. Scraps Gitanjali Jewellery Park
Bhubaneswar: The Odisha government has scrapped the Rs 636-crore gems, jewellery, lifestyle and luxury goods park which was to be set up by Gitanjali Infratech Ltd, an official told The Times of India. The development comes in the wake of the multi-crore PNB scam and there is no one from the company, owned by Mehul Choksi-run Gitanjali Group, with whom
Second Edition of Bharat Diamond Week on Oct 8-9
Mumbai: Organizers of the first Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, said the show exceeded expectations. The Bharat exchange is already planning the next edition of the fair which it says will be even bigger and feature new elements. The first-ever Bharat Diamond Week was opened by US Consul General Edgard D. Kagan in
India's Gold Jewellery Exports Grew by 11% in FY18
India’s Gold Jewellery exports registered a growth of nearly 11 per cent at USD 9673.23 mn in FY18 vis-à-vis USD 8,721.88 mn in FY17 Gems and Jewellery exports from India have doubled to USD 41 bn in FY18 as against USB 21 bn in FY08 Cut & polished diamond exports grew at USD 24 bn in FY18 from USD 14
CIBJO Honours Memory of Friedrich Schwarzer
Milan: CIBJO is paying tribute to the memory of a former president, Friedrich (Fritz) Schwarzer, who died recently in Austria, after decades of public service in the jewellery industry, both in his native country and internationally, and more than 60 years of experience in the trade. He headed the World Jewellery Confederation from 1993 through 1996. Born in 1938 into
