Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?

Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers

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Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?

Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers

Read More »

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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

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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

Read More »

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

Read More »

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,

Read More »

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

Read More »

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

Read More »

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

Read More »

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,

Read More »

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