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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GJEPC Opens CFC at Amreli

Amreli (Gujarat, India): Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has established its third Common Facility Centre(CFC) also  locally known as ‘Ratna Abhushan Suvidha Kendra’ at Amreli in Gujarat yesterday.  Mr. Suresh Prabhu, Union Minister of Commerce & Industry inaugurated the CFC in the presence of Mr. Naran Kachhadia, MP, Lok

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UN Expresses Satisfaction with Progress by KP

New York: The General Assembly of the United Nations (UN), welcoming progress made by the Kimberley Process Certification Scheme (KP) to break links between the diamond trade and conflict, today adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development. Julie Bishop, Minister for Foreign Affairs of Australia, introduced the draft

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CARAT+ Welcomes AWDC as Main Partner

Antwerp: CARAT+, The World’s Premier Diamond Event to be organized on 6, 7 & 8 May 2018 at Antwerp Expo in Antwerp, Belgium, has welcomed the Antwerp World Diamond Centre (AWDC) as its Main Partner for the 2018 edition. United by a shared commitment to Antwerp as the ‘Diamond Capital of the World’, AWDC will host a series of unique

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GIA India Holds Discussion on Synthetic Diamonds

Ahmedabad: GIA (Gemological Institute of America) India held a panel discussion on “Synthetic Diamonds: Challenges and Opportunities” at Hotel Hyatt Ahmedabad on Mar. 5, 2018. Ms. Nirupa Bhatt, Managing Director of GIA India and Middle East, moderated the discussion about encouraging disclosure and ensuring that diamonds are checked by a credible gemmological laboratory. The speakers at the discussion included Mr.

Read More »

GJEPC Opens CFC at Amreli

Amreli (Gujarat, India): Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has established its third Common Facility Centre(CFC) also  locally known as ‘Ratna Abhushan Suvidha Kendra’ at Amreli in Gujarat yesterday.  Mr. Suresh Prabhu, Union Minister of Commerce & Industry inaugurated the CFC in the presence of Mr. Naran Kachhadia, MP, Lok

Read More »

UN Expresses Satisfaction with Progress by KP

New York: The General Assembly of the United Nations (UN), welcoming progress made by the Kimberley Process Certification Scheme (KP) to break links between the diamond trade and conflict, today adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development. Julie Bishop, Minister for Foreign Affairs of Australia, introduced the draft

Read More »

CARAT+ Welcomes AWDC as Main Partner

Antwerp: CARAT+, The World’s Premier Diamond Event to be organized on 6, 7 & 8 May 2018 at Antwerp Expo in Antwerp, Belgium, has welcomed the Antwerp World Diamond Centre (AWDC) as its Main Partner for the 2018 edition. United by a shared commitment to Antwerp as the ‘Diamond Capital of the World’, AWDC will host a series of unique

Read More »

GIA India Holds Discussion on Synthetic Diamonds

Ahmedabad: GIA (Gemological Institute of America) India held a panel discussion on “Synthetic Diamonds: Challenges and Opportunities” at Hotel Hyatt Ahmedabad on Mar. 5, 2018. Ms. Nirupa Bhatt, Managing Director of GIA India and Middle East, moderated the discussion about encouraging disclosure and ensuring that diamonds are checked by a credible gemmological laboratory. The speakers at the discussion included Mr.

Read More »

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