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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
GIA India Presents Seminar on Synthetic Diamonds
New Delhi: GIA (Gemological Institute of America) India presented a seminar on ‘Synthetic Diamonds’ in New Delhi on June 30, 2018, at Hotel Siddharth. The speaker – Nirupa Bhatt, iManaging Director of GIA India and Middle East – spoke about the importance of disclosure and ensuring that diamonds are checked by a credible gemmological laboratory because it is not possible to visually distinguish
GJC Extends Support to World Skills Competition
Mumbai: The All India Gem and Jewellery Domestic Council (GJC)), formerly known as All India Gems & Jewellery Trade Federation (GJF), extends its support to Gem & Jewellery Skill Council of India (GJSCI) for preparing candidates to represent India in the upcoming WorldSkills Competition to be held at Kazan, Russia in 2019. The preparation for the competition started with a
No Prisoners in Tihar will be Left Jobless: GJC
New Delhi: All India Gems & Jewellery Domestic Council (GJC) along with GJSCI is helping Tihar Jail inmates to become jewellery artisans. Speaking at the Occasion, Mr. Nitin Khandelwal, Chairman- GJC expressed that we are ensuring that no prisoners in Tihar will be left jobless and they will get a decent job and peaceful livelihood once they are free. According
World Diamond Congress during Oct in Mumbai
Antwerp: 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, during the latter part of October. This year’s Congress was due to take place in Tel Aviv from June 19 to 21. WFDB President Mr.
GIA India Presents Seminar on Synthetic Diamonds
New Delhi: GIA (Gemological Institute of America) India presented a seminar on ‘Synthetic Diamonds’ in New Delhi on June 30, 2018, at Hotel Siddharth. The speaker – Nirupa Bhatt, iManaging Director of GIA India and Middle East – spoke about the importance of disclosure and ensuring that diamonds are checked by a credible gemmological laboratory because it is not possible to visually distinguish
GJC Extends Support to World Skills Competition
Mumbai: The All India Gem and Jewellery Domestic Council (GJC)), formerly known as All India Gems & Jewellery Trade Federation (GJF), extends its support to Gem & Jewellery Skill Council of India (GJSCI) for preparing candidates to represent India in the upcoming WorldSkills Competition to be held at Kazan, Russia in 2019. The preparation for the competition started with a
No Prisoners in Tihar will be Left Jobless: GJC
New Delhi: All India Gems & Jewellery Domestic Council (GJC) along with GJSCI is helping Tihar Jail inmates to become jewellery artisans. Speaking at the Occasion, Mr. Nitin Khandelwal, Chairman- GJC expressed that we are ensuring that no prisoners in Tihar will be left jobless and they will get a decent job and peaceful livelihood once they are free. According
World Diamond Congress during Oct in Mumbai
Antwerp: 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, during the latter part of October. This year’s Congress was due to take place in Tel Aviv from June 19 to 21. WFDB President Mr.
