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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
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
Top News
Peter Meeus to Head World Diamond Mark
Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) President Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. Meeus is a diamond industry veteran who served as President of the DDE from 2009 to 2018 and was Managing Director of the Hoge Raad voor Diamant (HRD), now
World Diamond Congress Starts from Oct 23, 2018
Mumbai: The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. WFDB President Ernie Blom said, “I am delighted to be able to confirm the dates for the World Diamond Congress.
World Diamond Museum to Host Qatar Pearl Exhibition
Moscow: A new edition of the critically acclaimed Pearls: Treasures from the Seas and the Rivers exhibition will open in Moscow on July 11th as part of the Qatar Russia 2018 Year of Culture. The exhibition was curated specifically for this year’s Year of Culture programme and will display over 100 pieces of jewellery and other examples of pearl craftsmanship made from freshwater
New campaign for Rio Tinto’s Australian Diamonds
Mumbai: Rio Tinto‘s Australian Diamonds programme has launched its latest campaign in India highlighting a new range of affordable bridal and fashion jewellery from the company’s Argyle diamond mine in Australia. Mithali Raj, captain of the Indian women’s cricket team is the official ambassador for the new campaign, helping promote the popularity of diamonds in fashion and bridal jewellery, particularly for
Peter Meeus to Head World Diamond Mark
Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) President Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. Meeus is a diamond industry veteran who served as President of the DDE from 2009 to 2018 and was Managing Director of the Hoge Raad voor Diamant (HRD), now
World Diamond Congress Starts from Oct 23, 2018
Mumbai: The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. WFDB President Ernie Blom said, “I am delighted to be able to confirm the dates for the World Diamond Congress.
World Diamond Museum to Host Qatar Pearl Exhibition
Moscow: A new edition of the critically acclaimed Pearls: Treasures from the Seas and the Rivers exhibition will open in Moscow on July 11th as part of the Qatar Russia 2018 Year of Culture. The exhibition was curated specifically for this year’s Year of Culture programme and will display over 100 pieces of jewellery and other examples of pearl craftsmanship made from freshwater
New campaign for Rio Tinto’s Australian Diamonds
Mumbai: Rio Tinto‘s Australian Diamonds programme has launched its latest campaign in India highlighting a new range of affordable bridal and fashion jewellery from the company’s Argyle diamond mine in Australia. Mithali Raj, captain of the Indian women’s cricket team is the official ambassador for the new campaign, helping promote the popularity of diamonds in fashion and bridal jewellery, particularly for
