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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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CIBJO Certified as Carbon Neutral in 2016
Milan: For the fourth consecutive year, CIBJO, the World Jewellery Confederation, has been certified as carbon neutral, after offsetting its greenhouse gas emissions for 2016. It did so as part of its own Greenhouse Gas Measurement Initiative, which it launched in 2014 to promote environmental consciousness and responsibility in the greater jewellery industry. To become carbon neutral, CIBJO’s carbon footprint
Jewellers Out of Money Laundering Act
New Delhi: The GST Council on Friday eased rules for exporters and gave relief to small and medium scale enterprises (SMEs) on filing returns and paying taxes, 3 months after the Goods and Services Tax legislation came into effect since July 1. In the 22nd GST Council meeting, taxes were cut on more than two dozen items. The government will
Jewellers Happy Over Relief on PMLA
Mumbai: All India Gems and Jewellery Trade Federation (GJF), national nodal trade body for the promotion and growth of trade in gems and jewellery across India, welcomed the Government’s decision to keep Gems & Jewellery Industry out of the ambit of Prevention of Money Laundering Act (PMLA). Over the past few weeks, GJF along with Industry delegates had series of
Emeralds Auctioned by Gemfields in Lusaka
Lusaka: Pallinghurst announced the results of an auction of higher quality rough emeralds held by Gemfields plc (“Gemfields”, which is 100% owned by Pallinghurst), held in Lusaka, Zambia, from 2 – 5 October 2017. The emeralds were extracted by Kagem Mining Ltd (“Kagem”, which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia) in
CIBJO Certified as Carbon Neutral in 2016
Milan: For the fourth consecutive year, CIBJO, the World Jewellery Confederation, has been certified as carbon neutral, after offsetting its greenhouse gas emissions for 2016. It did so as part of its own Greenhouse Gas Measurement Initiative, which it launched in 2014 to promote environmental consciousness and responsibility in the greater jewellery industry. To become carbon neutral, CIBJO’s carbon footprint
Jewellers Out of Money Laundering Act
New Delhi: The GST Council on Friday eased rules for exporters and gave relief to small and medium scale enterprises (SMEs) on filing returns and paying taxes, 3 months after the Goods and Services Tax legislation came into effect since July 1. In the 22nd GST Council meeting, taxes were cut on more than two dozen items. The government will
Jewellers Happy Over Relief on PMLA
Mumbai: All India Gems and Jewellery Trade Federation (GJF), national nodal trade body for the promotion and growth of trade in gems and jewellery across India, welcomed the Government’s decision to keep Gems & Jewellery Industry out of the ambit of Prevention of Money Laundering Act (PMLA). Over the past few weeks, GJF along with Industry delegates had series of
Emeralds Auctioned by Gemfields in Lusaka
Lusaka: Pallinghurst announced the results of an auction of higher quality rough emeralds held by Gemfields plc (“Gemfields”, which is 100% owned by Pallinghurst), held in Lusaka, Zambia, from 2 – 5 October 2017. The emeralds were extracted by Kagem Mining Ltd (“Kagem”, which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia) in
