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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
GJEPC Elects Chairman & Vice Chairman for 2018-20
Mumbai: The election results for the Chairmanship and Vice Chairmanship of GJEPC was announced today. Mr. Pramod Kumar Agarwal has been elected as the Chairman and Mr. Colin Shah has been elected as the Vice Chairman of GJEPC for the period of 2018 to 2020. Thanking the industry and GJPEC members for electing him, the new GJEPC Chairman, Mr. Pramod
Mumbai Shopping Festival Inaugurated
Mumbai: The Chief Minister of Maharashtra Mr. Devendra Fadnavis on Friday inaugurated the 20-day Mumbai Shopping festival. “I am sure from next year onwards it will become a global festival. You have created a brand of Mumbai,” said Fadnavis, adding like Ganpati, this festival will also capture the imagination of people from across the globe. He described the festival as
Shmuel Schnitzer Steps Down as IDI Chairman
Ramat Gan: In the wake of the departure of Shmuel Schnitzer from the post of Chairman of the Israel Diamond Institute (IDI), the organization’s Board of Directors has stated its appreciation for his years of service as Chairman of IDI and as a leader of the diamond industry. The IDI Board released a statement saying, “The Board of Directors of
Pearls and Corals to be Focused at CIBJO Seminar
Milan: Environmental, as well as social and economic responsibility in the jewellery sector will be the focus of a seminar scheduled for Monday, January 22, 2018, during the VICENZAORO January 2018 jewellery trade show in Vicenza, Italy. Titled “Green and Blue Jewellery, Environmentally Sustainable Luxury,” it is being organised by CIBJO, the World Jewellery Confederation, and the Italian Exhibition Group,
GJEPC Elects Chairman & Vice Chairman for 2018-20
Mumbai: The election results for the Chairmanship and Vice Chairmanship of GJEPC was announced today. Mr. Pramod Kumar Agarwal has been elected as the Chairman and Mr. Colin Shah has been elected as the Vice Chairman of GJEPC for the period of 2018 to 2020. Thanking the industry and GJPEC members for electing him, the new GJEPC Chairman, Mr. Pramod
Mumbai Shopping Festival Inaugurated
Mumbai: The Chief Minister of Maharashtra Mr. Devendra Fadnavis on Friday inaugurated the 20-day Mumbai Shopping festival. “I am sure from next year onwards it will become a global festival. You have created a brand of Mumbai,” said Fadnavis, adding like Ganpati, this festival will also capture the imagination of people from across the globe. He described the festival as
Shmuel Schnitzer Steps Down as IDI Chairman
Ramat Gan: In the wake of the departure of Shmuel Schnitzer from the post of Chairman of the Israel Diamond Institute (IDI), the organization’s Board of Directors has stated its appreciation for his years of service as Chairman of IDI and as a leader of the diamond industry. The IDI Board released a statement saying, “The Board of Directors of
Pearls and Corals to be Focused at CIBJO Seminar
Milan: Environmental, as well as social and economic responsibility in the jewellery sector will be the focus of a seminar scheduled for Monday, January 22, 2018, during the VICENZAORO January 2018 jewellery trade show in Vicenza, Italy. Titled “Green and Blue Jewellery, Environmentally Sustainable Luxury,” it is being organised by CIBJO, the World Jewellery Confederation, and the Italian Exhibition Group,
