Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?

Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers

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Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?

Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers

Read More »

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Fura Appoints Thompson Group as Creative Agency

Toronto: Fura Gems Inc., a gemstone mining and marketing company, has appointed the Thompson Group as their creative agency.  The Thompson Group will lead the development of a marketing initiative to build awareness and establish prestige branding for Colombian Emeralds and Mozambique Rubies.  This is part of the Company’s overall plan to structure the coloured gem market and unlock significant

Read More »

Registration Starts for 2018 World Diamond Congress

Antwerp: The official website of the 38th World Diamond Congress has gone live, allowing participants to register for the June 19-21 biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). The three-day gathering, organised by the Israel Diamond Exchange, will take place at the Hilton Hotel in Tel Aviv, starting with committee

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Gold Demand in UAE Plummeted in Q1

Dubai: Demand for gold jewelry in the United Arab Emirates plummeted in the first quarter, and traders say they know the culprit: the value-added tax, reports Bloomberg. Wholesale gold jewellery sales in Dubai, sometimes known as the City of Gold, fell 50 to 60 percent in the first quarter from a year earlier after VAT began on Jan. 1, according

Read More »

Forevermark Hosts Program for Indian Retailers

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies, recently organised a customised programme on ‘Leadership in the Disruptive Era’ at the Cambridge Judge Business School, the acclaimed business school of the University of Cambridge with 35 select leading partners. Working with the Cambridge Judge Business School, Forevermark adapted the program to open up the minds and

Read More »

Fura Appoints Thompson Group as Creative Agency

Toronto: Fura Gems Inc., a gemstone mining and marketing company, has appointed the Thompson Group as their creative agency.  The Thompson Group will lead the development of a marketing initiative to build awareness and establish prestige branding for Colombian Emeralds and Mozambique Rubies.  This is part of the Company’s overall plan to structure the coloured gem market and unlock significant

Read More »

Registration Starts for 2018 World Diamond Congress

Antwerp: The official website of the 38th World Diamond Congress has gone live, allowing participants to register for the June 19-21 biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). The three-day gathering, organised by the Israel Diamond Exchange, will take place at the Hilton Hotel in Tel Aviv, starting with committee

Read More »

Gold Demand in UAE Plummeted in Q1

Dubai: Demand for gold jewelry in the United Arab Emirates plummeted in the first quarter, and traders say they know the culprit: the value-added tax, reports Bloomberg. Wholesale gold jewellery sales in Dubai, sometimes known as the City of Gold, fell 50 to 60 percent in the first quarter from a year earlier after VAT began on Jan. 1, according

Read More »

Forevermark Hosts Program for Indian Retailers

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies, recently organised a customised programme on ‘Leadership in the Disruptive Era’ at the Cambridge Judge Business School, the acclaimed business school of the University of Cambridge with 35 select leading partners. Working with the Cambridge Judge Business School, Forevermark adapted the program to open up the minds and

Read More »

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