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

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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

Read More »

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HRD Antwerp Launches The ID Card

Antwerp: HRD Antwerp, Europe’s leading authority in diamond certification, launched its new ID CARD on the 26th of October 2017 at its HQ in the Antwerp diamond district. “The ID CARD is a highly affordable, new type of grading report for diamonds that weigh between 0.08 and 0.998cts, explains Michel Janssens, CEO of HRD Antwerp. With this new product, we aim

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CIBJO Releases Coral Comm's Sp. Report

Milan: With fewer than two weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the eighth and the final of the CIBJO commissions’ Special Reports for this year has been released. Prepared by Vincenzo Liverino, President of the organisation’s Coral Commission, the report calls for an educational campaign to differentiate between

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De Beers’ Q3 Production Up by 46%

Gaborone: Anglo American, which today released production figures of its various businesses for the third quarter of 2017, reported that De Beers’ rough diamond production for the period was up 46% over Q3 2016 in carat terms. The increase was “in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the

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India's Move to Propel Economic Growth

Bengaluru: Government of India’s announcement to infuse INR 2.11 Lakh Crores into Public Sector Banks (PSB) is a credit positive step for the NPA plagued sector, reports Brickwork Ratings. With this Brickwork Ratings expects PSBs credit profile to improve significantly. The agency believes that this step should be monitored by enforcing strict conditions for banks to optimally utilise the allocated

Read More »

HRD Antwerp Launches The ID Card

Antwerp: HRD Antwerp, Europe’s leading authority in diamond certification, launched its new ID CARD on the 26th of October 2017 at its HQ in the Antwerp diamond district. “The ID CARD is a highly affordable, new type of grading report for diamonds that weigh between 0.08 and 0.998cts, explains Michel Janssens, CEO of HRD Antwerp. With this new product, we aim

Read More »

CIBJO Releases Coral Comm's Sp. Report

Milan: With fewer than two weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the eighth and the final of the CIBJO commissions’ Special Reports for this year has been released. Prepared by Vincenzo Liverino, President of the organisation’s Coral Commission, the report calls for an educational campaign to differentiate between

Read More »

De Beers’ Q3 Production Up by 46%

Gaborone: Anglo American, which today released production figures of its various businesses for the third quarter of 2017, reported that De Beers’ rough diamond production for the period was up 46% over Q3 2016 in carat terms. The increase was “in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the

Read More »

India's Move to Propel Economic Growth

Bengaluru: Government of India’s announcement to infuse INR 2.11 Lakh Crores into Public Sector Banks (PSB) is a credit positive step for the NPA plagued sector, reports Brickwork Ratings. With this Brickwork Ratings expects PSBs credit profile to improve significantly. The agency believes that this step should be monitored by enforcing strict conditions for banks to optimally utilise the allocated

Read More »

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