Global Gold City Project Announced
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
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
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
Top News
India's GDP Growth to Fall to 6.7% in FY18
New Delhi, (Ind-Ra): Poor gross domestic product (GDP) growth in two successive quarters – 4QFY17 and 1QFY18 – has changed the growth prospects for FY18, says India Ratings and Research (Ind-Ra). The combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier. While the introduction
CIBJO Releases Coloured Stone Sp. Report
Milan: With fewer than six weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fourth of the CIBJO commissions’ Special Reports has been released. Prepared by Nilam Alawdeen, President of the organisation’s Coloured Stone Commission, the report focuses on differences in the way gemmological laboratories describe treated gemstones and the
World’s Largest Diamond Sold for £40 Million
London: The world’s largest uncut diamond – roughly the size of a tennis ball – has been sold to British jeweller Graff for £40 million. Canadian miner Lucara Diamond sold the 1,109-carat gem – the Lesedi La Rona – to Graff. It was found in Botswana’s Karowe mine in late 2015. ‘We are thrilled and honoured to become the new
David Harquail Appointed Chairman of WGC
London: The World Gold Council (WGC) has announced the appointment of Mr. David Harquail, President and CEO of Franco-Nevada Corporation, as its new Chair. Mr Harquail succeeds Randall Oliphant, who has served as Chair for the past four years. Mr. Oliphant is a highly respected veteran of the gold industry, who brought significant depth of experience to his Chairmanship of
India's GDP Growth to Fall to 6.7% in FY18
New Delhi, (Ind-Ra): Poor gross domestic product (GDP) growth in two successive quarters – 4QFY17 and 1QFY18 – has changed the growth prospects for FY18, says India Ratings and Research (Ind-Ra). The combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier. While the introduction
CIBJO Releases Coloured Stone Sp. Report
Milan: With fewer than six weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fourth of the CIBJO commissions’ Special Reports has been released. Prepared by Nilam Alawdeen, President of the organisation’s Coloured Stone Commission, the report focuses on differences in the way gemmological laboratories describe treated gemstones and the
World’s Largest Diamond Sold for £40 Million
London: The world’s largest uncut diamond – roughly the size of a tennis ball – has been sold to British jeweller Graff for £40 million. Canadian miner Lucara Diamond sold the 1,109-carat gem – the Lesedi La Rona – to Graff. It was found in Botswana’s Karowe mine in late 2015. ‘We are thrilled and honoured to become the new
David Harquail Appointed Chairman of WGC
London: The World Gold Council (WGC) has announced the appointment of Mr. David Harquail, President and CEO of Franco-Nevada Corporation, as its new Chair. Mr Harquail succeeds Randall Oliphant, who has served as Chair for the past four years. Mr. Oliphant is a highly respected veteran of the gold industry, who brought significant depth of experience to his Chairmanship of
