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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
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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
GJC Organizes PMI 4 in Goa from 12th to 14th June
Panaji: All India Gem and Jewellery Domestic Council (GJC)’s much anticipated grand jewellery exhibition show – Preferred Manufacturer of India (PMI) has been inaugurated by Mr. Vijai Sardesai Hon. Minister for Town and Country Planning, Agriculture, Factories & Boilers, Government of Goa. This is the 3rd in the fourth edition of Preferred Manufacturer of India (PMI) Grand Networking Meet. The grand
Gemfields Achieves Record Ruby Auction Results
London: Gemfields has announced the results of an auction of rough rubies held in Singapore from 5 – 9 June 2018. The rough rubies were extracted from the licence held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada. Highlights – Ruby Auction: Auction revenues of USD 71.8
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
GJC Organizes PMI 4 in Goa from 12th to 14th June
Panaji: All India Gem and Jewellery Domestic Council (GJC)’s much anticipated grand jewellery exhibition show – Preferred Manufacturer of India (PMI) has been inaugurated by Mr. Vijai Sardesai Hon. Minister for Town and Country Planning, Agriculture, Factories & Boilers, Government of Goa. This is the 3rd in the fourth edition of Preferred Manufacturer of India (PMI) Grand Networking Meet. The grand
Gemfields Achieves Record Ruby Auction Results
London: Gemfields has announced the results of an auction of rough rubies held in Singapore from 5 – 9 June 2018. The rough rubies were extracted from the licence held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada. Highlights – Ruby Auction: Auction revenues of USD 71.8
