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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
ALROSA Opens Representative Office in Mumbai
Mumbai: Russian diamond mining company ALROSA launched its representative office at Bharat Diamond Bourse, Mumbai, on Thursday, April 19, 2018. In the grand opening ceremony, the officials Mr. Anoop Mehta – President, Bharat Diamond Bourse, Mr. Mehul Shah, – Vice President, Bharat Diamond Bourse, Mr. Milan Choksi, Convenor, Marketing, GJEPC and Mr. Russel Mehta – Advisor to Chairman, GJEPC, cut
Forevermark Supports Women Advancement
Mumbai: Forevermark, the diamond brand from the De Beers Group of Companies, promoted gender equality and displayed its stunning Red Carpet Collection 2018 through a unique fashion show of models and women achievers today at the Four Seasons Hotel, Mumbai. Acknowledging the De Beers Group’s three-year partnership with UN Women, Forevermark invited over 20 women who have contributed to women
New Alert Against HPHT Treated Diamonds
Hong Kong: Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting synthetic, imitation and treated diamonds, has issued a worldwide alert to the jewellery and gemstone trades stating that research it has conducted indicates that synthetic diamonds, which have created under conditions of High Pressure-High Temperature (HPHT) and then subject to irradiation treatment, may be escaping
De Beers 3rd Cycle Yields $520 mn
Gaborone: De Beers said its third sightholder sale of the year has provisionally raked in $520 million compared with $586 million, a year earlier. The company earned $563 million from its second sales cycle of 2018. “While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third
ALROSA Opens Representative Office in Mumbai
Mumbai: Russian diamond mining company ALROSA launched its representative office at Bharat Diamond Bourse, Mumbai, on Thursday, April 19, 2018. In the grand opening ceremony, the officials Mr. Anoop Mehta – President, Bharat Diamond Bourse, Mr. Mehul Shah, – Vice President, Bharat Diamond Bourse, Mr. Milan Choksi, Convenor, Marketing, GJEPC and Mr. Russel Mehta – Advisor to Chairman, GJEPC, cut
Forevermark Supports Women Advancement
Mumbai: Forevermark, the diamond brand from the De Beers Group of Companies, promoted gender equality and displayed its stunning Red Carpet Collection 2018 through a unique fashion show of models and women achievers today at the Four Seasons Hotel, Mumbai. Acknowledging the De Beers Group’s three-year partnership with UN Women, Forevermark invited over 20 women who have contributed to women
New Alert Against HPHT Treated Diamonds
Hong Kong: Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting synthetic, imitation and treated diamonds, has issued a worldwide alert to the jewellery and gemstone trades stating that research it has conducted indicates that synthetic diamonds, which have created under conditions of High Pressure-High Temperature (HPHT) and then subject to irradiation treatment, may be escaping
De Beers 3rd Cycle Yields $520 mn
Gaborone: De Beers said its third sightholder sale of the year has provisionally raked in $520 million compared with $586 million, a year earlier. The company earned $563 million from its second sales cycle of 2018. “While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third
