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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
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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Zaheer and Sagarika Celebrate V'Day with Platinum
Mumbai: The month of February brings with it an air of romance. With Valentine’s Day around the corner, couples leave no stone unturned to express their love for their special one. It becomes extra special when it’s your first valentine’s day as husband and wife! For the newly wedded couple Zaheer Khan and Sagarika Ghatge, this day, had to be
IIDGR Surat Lab Installs Solar Roof
Surat: The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has installed a 34.8 kilowatt solar roof at its grading and inscription facility in Surat, India, to provide the operation with a renewable energy supply. Generating an average of 56,000 units of electricity each year, the solar plant will reduce the heat load of the
Aisshpra Gems & Jewels Wins ET NOW ‘Distinction’
Mumbai: Luxury Jewellery brand, Aisshpra Gems & Jewels wins the ‘Retail Transformation of the Year 2018 Award’ at ET NOW Global Awards for Retail Excellence held in Mumbai. The coveted award was presented to Mr Atul Saraf, Director, Aisshpra Gems *Jewels accompanied by Mr Vaibhav Saraf, Director, Aisshpra Gems & Jewels at the hands of Retail Veteran, Mr Biju Kurien
Anantha Padmanaban Elected as VC of GJF
Mumbai: The All India Gems & Jewellery Trade Federation (GJF) has unanimously elected Mr. Anantha Padmanaban as its Vice Chairman. He is currently Zonal Chairman – South and he is the Managing Director of NAC Jewellers, Chennai. Welcoming his appointment, Mr. Nitin Khandelwal, Chairman, said “I am pleased that Mr. Anantha Padmanaban has been unanimously elected as the Vice Chairman
Zaheer and Sagarika Celebrate V'Day with Platinum
Mumbai: The month of February brings with it an air of romance. With Valentine’s Day around the corner, couples leave no stone unturned to express their love for their special one. It becomes extra special when it’s your first valentine’s day as husband and wife! For the newly wedded couple Zaheer Khan and Sagarika Ghatge, this day, had to be
IIDGR Surat Lab Installs Solar Roof
Surat: The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has installed a 34.8 kilowatt solar roof at its grading and inscription facility in Surat, India, to provide the operation with a renewable energy supply. Generating an average of 56,000 units of electricity each year, the solar plant will reduce the heat load of the
Aisshpra Gems & Jewels Wins ET NOW ‘Distinction’
Mumbai: Luxury Jewellery brand, Aisshpra Gems & Jewels wins the ‘Retail Transformation of the Year 2018 Award’ at ET NOW Global Awards for Retail Excellence held in Mumbai. The coveted award was presented to Mr Atul Saraf, Director, Aisshpra Gems *Jewels accompanied by Mr Vaibhav Saraf, Director, Aisshpra Gems & Jewels at the hands of Retail Veteran, Mr Biju Kurien
Anantha Padmanaban Elected as VC of GJF
Mumbai: The All India Gems & Jewellery Trade Federation (GJF) has unanimously elected Mr. Anantha Padmanaban as its Vice Chairman. He is currently Zonal Chairman – South and he is the Managing Director of NAC Jewellers, Chennai. Welcoming his appointment, Mr. Nitin Khandelwal, Chairman, said “I am pleased that Mr. Anantha Padmanaban has been unanimously elected as the Vice Chairman
