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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 Releases Ethics Comm's Sp. Report
Milan: With fewer than five weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by Cecilia Gardner, President of the organisation’s Ethics Commission, the report focuses on social investment in and by the jewellery industry, looking at how it
India’s G&J Exports Fell by 8% in April-Aug
Mumbai: India’s Gems and jewellery exports contracted 8.12 per cent to $13.5 billion during April-August this year, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. This compares with $14.7 billion in the same period last year. The labour-intensive sector contributes about 14 per cent to the country’s overall export. The drop in shipments is mainly due to
Platinum Maintains Impressive Growth Rate
Mumbai: In India, the Platinum Guild International’s (PGI) marketing efforts are helping drive the rapid growth in platinum jewellery demand. Demand in June was also boosted by a rush to buy jewellery to take advantage of the lower prices just before the introduction of the new Goods and Services Tax (GST) from 1 July. Ms. Vaishali Banerjee, MD India, PGI
Mujeres Brillantes Strikes Promising future
Vicenza: The international group of women in the jewelry and watchmaking industry, Mujeres Brillantes, has just over a year since its founding. During this time, the organization has achieved worldwide recognition. On this occasion, within the framework of the Annual Meeting of Mubri, members of the distinguished group travelled to participate in the Fair of VicenzaOro. The space in Italy
CIBJO Releases Ethics Comm's Sp. Report
Milan: With fewer than five weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by Cecilia Gardner, President of the organisation’s Ethics Commission, the report focuses on social investment in and by the jewellery industry, looking at how it
India’s G&J Exports Fell by 8% in April-Aug
Mumbai: India’s Gems and jewellery exports contracted 8.12 per cent to $13.5 billion during April-August this year, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. This compares with $14.7 billion in the same period last year. The labour-intensive sector contributes about 14 per cent to the country’s overall export. The drop in shipments is mainly due to
Platinum Maintains Impressive Growth Rate
Mumbai: In India, the Platinum Guild International’s (PGI) marketing efforts are helping drive the rapid growth in platinum jewellery demand. Demand in June was also boosted by a rush to buy jewellery to take advantage of the lower prices just before the introduction of the new Goods and Services Tax (GST) from 1 July. Ms. Vaishali Banerjee, MD India, PGI
Mujeres Brillantes Strikes Promising future
Vicenza: The international group of women in the jewelry and watchmaking industry, Mujeres Brillantes, has just over a year since its founding. During this time, the organization has achieved worldwide recognition. On this occasion, within the framework of the Annual Meeting of Mubri, members of the distinguished group travelled to participate in the Fair of VicenzaOro. The space in Italy
