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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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

Read More »

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CIBJO President Visits Bahrain as Guest of DANAT

Milan: CIBJO President Gaetano Cavalieri has concluded a week-long visit to the Kingdom of Bahrain, as the guest of DANAT, the Bahrain Institute for Pearls & Gemstones, during which he met with the leadership of the country’s fast-developing gemstone and jewellery centre, and discussed the possibility of its hosting the CIBJO Congress in 2019. Located on an archipelago on the

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Nirav Modi's Fate Could Now be in China's Hands

Mumbai: With the Ministry of External Affairs revealing it had on March 23 sought from Hong Kong the provisional arrest of businessman Nirav Modi over the Punjab National Bank scam, the fate of India’s currently most-wanted missing businessman could now lie in the hands of China, reports India Today. Hong Kong, a Special Administrative Region (SAR) of China, enjoys “a

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Zaheer and Sagarika Unveil New ‘Evara’ Collection

Ahmedabad:  The summer wedding season is here and if you wish to adorn yourself in jewellery that is inspired by global fashion trends to give you that fresh and modern- chic look, go no further than at AB jewels store in Ahmedabad! The new Platinum Evara collection is contemporary. The designs that are fluid making striking pieces that promise to

Read More »

Thailand Launches “Buy with Confidence” Program

Bangkok: : Thailand’s Ministry of Commerce has joined hands with partners to encourage leading jewelry shops and businesses to participate in the “Buy With Confidence” program that will issue certifications to ensure the quality and standard of Thai gem and jewelry with the objective to boost confidence among Thai and international consumers. Minister of Commerce Sontirat Sontijirawong states that the

Read More »

CIBJO President Visits Bahrain as Guest of DANAT

Milan: CIBJO President Gaetano Cavalieri has concluded a week-long visit to the Kingdom of Bahrain, as the guest of DANAT, the Bahrain Institute for Pearls & Gemstones, during which he met with the leadership of the country’s fast-developing gemstone and jewellery centre, and discussed the possibility of its hosting the CIBJO Congress in 2019. Located on an archipelago on the

Read More »

Nirav Modi's Fate Could Now be in China's Hands

Mumbai: With the Ministry of External Affairs revealing it had on March 23 sought from Hong Kong the provisional arrest of businessman Nirav Modi over the Punjab National Bank scam, the fate of India’s currently most-wanted missing businessman could now lie in the hands of China, reports India Today. Hong Kong, a Special Administrative Region (SAR) of China, enjoys “a

Read More »

Zaheer and Sagarika Unveil New ‘Evara’ Collection

Ahmedabad:  The summer wedding season is here and if you wish to adorn yourself in jewellery that is inspired by global fashion trends to give you that fresh and modern- chic look, go no further than at AB jewels store in Ahmedabad! The new Platinum Evara collection is contemporary. The designs that are fluid making striking pieces that promise to

Read More »

Thailand Launches “Buy with Confidence” Program

Bangkok: : Thailand’s Ministry of Commerce has joined hands with partners to encourage leading jewelry shops and businesses to participate in the “Buy With Confidence” program that will issue certifications to ensure the quality and standard of Thai gem and jewelry with the objective to boost confidence among Thai and international consumers. Minister of Commerce Sontirat Sontijirawong states that the

Read More »

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