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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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Platinum- A ‘Rare’ Gift of Love for Your Mother
Mumbai: You are because SHE is. Your story begins from her womb and nurtures in the shade of her love until you grow into your own person. She is your innermost being. She dons different roles in your life but no one can play her, for she truly is one of a kind. She is your mother. The unconditional support,
4th MGJ Conference Kicks off on May 18
Vancouver: With about a week to go until the 4th Mediterranean Gemmological and Jewellery Conference (MGJC) kicks off on May 18 in Budva, Montenegro, the excitement and anticipation toward the event is building. “Organizing a gemmological conference is a challenge in many ways,” said George Spyromilios, Director of the Independent Gemological Laboratory Hellas (IGL), of Athens, Greece, and a conference
CIBJO Committee for Responsible Sourcing Guidance
Milan: CIBJO, the World Jewellery Confederation, has announced the establishment of an industry-wide working committee, which will be charged with formulating Responsible Sourcing Guidelines specifically for the jewellery, gem and precious metals sectors. The new body was created by a decision of the CIBJO Board of Directors in March 2018, following Board approval of a draft Responsible Sourcing Guidelines document.
DPA Unveils Plans for Diamond Generic Promotion
Mumbai: Mr. Jean-Marc Lieberherr, CEO of the Diamond Producers Association (DPA) recently organised a meeting along with India’s Gem & Jewellery Export Promotion Council (GJEPC), at which he unveiled DPA’s plans for diamond generic promotion. He was joined by DPA’s Managing Director for India, Ms. Richa Singh, who highlighted various aspects of the presentation. GJEPC Chairman Mr. Pramod Agarwal said,
Platinum- A ‘Rare’ Gift of Love for Your Mother
Mumbai: You are because SHE is. Your story begins from her womb and nurtures in the shade of her love until you grow into your own person. She is your innermost being. She dons different roles in your life but no one can play her, for she truly is one of a kind. She is your mother. The unconditional support,
4th MGJ Conference Kicks off on May 18
Vancouver: With about a week to go until the 4th Mediterranean Gemmological and Jewellery Conference (MGJC) kicks off on May 18 in Budva, Montenegro, the excitement and anticipation toward the event is building. “Organizing a gemmological conference is a challenge in many ways,” said George Spyromilios, Director of the Independent Gemological Laboratory Hellas (IGL), of Athens, Greece, and a conference
CIBJO Committee for Responsible Sourcing Guidance
Milan: CIBJO, the World Jewellery Confederation, has announced the establishment of an industry-wide working committee, which will be charged with formulating Responsible Sourcing Guidelines specifically for the jewellery, gem and precious metals sectors. The new body was created by a decision of the CIBJO Board of Directors in March 2018, following Board approval of a draft Responsible Sourcing Guidelines document.
DPA Unveils Plans for Diamond Generic Promotion
Mumbai: Mr. Jean-Marc Lieberherr, CEO of the Diamond Producers Association (DPA) recently organised a meeting along with India’s Gem & Jewellery Export Promotion Council (GJEPC), at which he unveiled DPA’s plans for diamond generic promotion. He was joined by DPA’s Managing Director for India, Ms. Richa Singh, who highlighted various aspects of the presentation. GJEPC Chairman Mr. Pramod Agarwal said,
