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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
Top News
West Bengal Assures to Support G&J Sector
Kolkata: A GJF Delegation Led by Chairman Mr. Nitin khandelwal along with Mr. Shaankar Sen, Mr. Avinash Gupta, Mr. Ashok Bengani and Mr. Suvankar Sen met the Finance Minister (FM) of west Bengal Mr. Amit Mitra recently at the Bengal Global Business Summit in Kolkata. Over the round table discussion with the FM, on the side lines of the business
Angadias Suspend Diamond Operations
Mumbai: India’s export of polished diamonds has lost its sparkle ever since angadias, or couriers, suspended their operations following raids by the authorities earlier this month over suspected tax evasion, says an Economic Times report. The angadias, who have been ferrying rough diamonds from Mumbai to Surat and polished diamonds from Surat to Mumbai, have decided not to resume work
Gold Demand to Get Boost in 2018: WGC
Mumbai: Gold demand will get a fillip from government policies targeted at transparency and economic growth, according to the World Gold Council (WGC). “In India, the second largest gold market in the world, we believe that after their initial implementation shock, policies such as the demonetisation initiative and the new Goods and Service Tax (GST) will start to have a
Gem Certification and Assurance Lab Joins IGDA
Morrisville: The International Grown Diamond Association (IGDA) has announced the addition of Gem Certification and Assurance Lab (GCAL) as a member. GCAL becomes the first diamond and gemstone laboratory to join the organization. With almost 40 members, which includes leading lab-grown diamond growers, distributors, suppliers, retailers and technical experts, IGDA members now span across US, China, Singapore, India, Philippines, Russia,
West Bengal Assures to Support G&J Sector
Kolkata: A GJF Delegation Led by Chairman Mr. Nitin khandelwal along with Mr. Shaankar Sen, Mr. Avinash Gupta, Mr. Ashok Bengani and Mr. Suvankar Sen met the Finance Minister (FM) of west Bengal Mr. Amit Mitra recently at the Bengal Global Business Summit in Kolkata. Over the round table discussion with the FM, on the side lines of the business
Angadias Suspend Diamond Operations
Mumbai: India’s export of polished diamonds has lost its sparkle ever since angadias, or couriers, suspended their operations following raids by the authorities earlier this month over suspected tax evasion, says an Economic Times report. The angadias, who have been ferrying rough diamonds from Mumbai to Surat and polished diamonds from Surat to Mumbai, have decided not to resume work
Gold Demand to Get Boost in 2018: WGC
Mumbai: Gold demand will get a fillip from government policies targeted at transparency and economic growth, according to the World Gold Council (WGC). “In India, the second largest gold market in the world, we believe that after their initial implementation shock, policies such as the demonetisation initiative and the new Goods and Service Tax (GST) will start to have a
Gem Certification and Assurance Lab Joins IGDA
Morrisville: The International Grown Diamond Association (IGDA) has announced the addition of Gem Certification and Assurance Lab (GCAL) as a member. GCAL becomes the first diamond and gemstone laboratory to join the organization. With almost 40 members, which includes leading lab-grown diamond growers, distributors, suppliers, retailers and technical experts, IGDA members now span across US, China, Singapore, India, Philippines, Russia,
