Global Gold City Project Announced
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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
Top News
Namdeb Seeks Buyer for Elizabeth Bay Mine
Windhoek: Namdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, yesterday announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. The mine was commissioned in 1991 and is located along the South Western coast of Namibia near the town Lüderitz. It employs around
More Chinese than Americans to Buy Diamonds
Beijing: More Chinese consumers are expected to buy diamond jewellery in the future compared to their American counterparts, according to a recent research. Russian mining giant Alrosa and research firm GfK surveyed more than 4,000 respondents from the US and China in 2017. The participants, aged 25 to 55 years with average or above average income who bought or received
Will Diamond Prices Slump 10% in 2018?
Mumbai: Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10 per cent this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said Singapore-based Ben Cleary, who co-manages the $500
Q4 Recovery Fails to Mitigate Full Year Declines in '17
Mumbai: Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes (t). However, overall demand for the full year fell by 7% to 4,071.7t, compared with 2016, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Inflows into exchange-traded funds (ETFs) continued steadily throughout the year, totalling 202.8t, but
Namdeb Seeks Buyer for Elizabeth Bay Mine
Windhoek: Namdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, yesterday announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. The mine was commissioned in 1991 and is located along the South Western coast of Namibia near the town Lüderitz. It employs around
More Chinese than Americans to Buy Diamonds
Beijing: More Chinese consumers are expected to buy diamond jewellery in the future compared to their American counterparts, according to a recent research. Russian mining giant Alrosa and research firm GfK surveyed more than 4,000 respondents from the US and China in 2017. The participants, aged 25 to 55 years with average or above average income who bought or received
Will Diamond Prices Slump 10% in 2018?
Mumbai: Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10 per cent this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said Singapore-based Ben Cleary, who co-manages the $500
Q4 Recovery Fails to Mitigate Full Year Declines in '17
Mumbai: Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes (t). However, overall demand for the full year fell by 7% to 4,071.7t, compared with 2016, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Inflows into exchange-traded funds (ETFs) continued steadily throughout the year, totalling 202.8t, but
