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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
Gitanjali is No More a De Beers’ Sightholder
Mumbai: Gitanjali Group owned by Mehul Choksi has lost its prestigious sightholdership with the world’s leading diamond mining company De Beers following his involvement in India’s biggest bank fraud along with his billionaire nephew Nirav Modi, reports The Times of India. In an article published in TOI on February 22, 2018 under the heading ‘Gitanjali may lose De Beers sightholder
Lucara Finds 472 ct. Diamond from Karowe Mine
Gaborone: Lucara Diamond Corp.’s 100% owned Karowe Diamond Mine in Botswana has yielded up another large diamond. This one, at 472 carat, is the third largest stone recovered at Karowe, Lucara said. It is a top light brown gem diamond. Lucara CEO, Eira Thomas commented, “In 2018, mining at Karowe is focused in the high value south lobe, which consistently
Celebrate this Akshay Tritiya with Platinum
Mumbai: Celebrate auspicious Akshaya Tritiya this year with the pure white metal, Platinum. On this day ‘white’ is considered auspicious and is of special significance, for it symbolises purity. The word “Akshaya” means never diminishing in Sanskrit and the occasion is celebrated with white payasam, jasmine flowers; kolam and even white utensils are used for the puja. Platinum is a
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
Gitanjali is No More a De Beers’ Sightholder
Mumbai: Gitanjali Group owned by Mehul Choksi has lost its prestigious sightholdership with the world’s leading diamond mining company De Beers following his involvement in India’s biggest bank fraud along with his billionaire nephew Nirav Modi, reports The Times of India. In an article published in TOI on February 22, 2018 under the heading ‘Gitanjali may lose De Beers sightholder
Lucara Finds 472 ct. Diamond from Karowe Mine
Gaborone: Lucara Diamond Corp.’s 100% owned Karowe Diamond Mine in Botswana has yielded up another large diamond. This one, at 472 carat, is the third largest stone recovered at Karowe, Lucara said. It is a top light brown gem diamond. Lucara CEO, Eira Thomas commented, “In 2018, mining at Karowe is focused in the high value south lobe, which consistently
Celebrate this Akshay Tritiya with Platinum
Mumbai: Celebrate auspicious Akshaya Tritiya this year with the pure white metal, Platinum. On this day ‘white’ is considered auspicious and is of special significance, for it symbolises purity. The word “Akshaya” means never diminishing in Sanskrit and the occasion is celebrated with white payasam, jasmine flowers; kolam and even white utensils are used for the puja. Platinum is a
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
