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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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

Read More »

Top News

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

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CIBJO European Jewellery Guild Formed

Milan: The CIBJO European Jewellery Guild, a new body of leading associations from across the continent, has been formally established within the World Jewellery Confederation to advocate for the common interests of European based participants in the jewellery and gemstone industries, and to represent them in contacts with officials, departments and agencies of the European Commission, European Parliament and European

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Laksh Pahuja Presented Ingenious Designs

Mumbai: When it’s a Laksh Pahuja jewellery show expect the unexpected. The designer’s creativity always pushes the envelope to the unlimited corners, so the Laksh Pahuja Show presented by Gemma and HRD Antwerp was a line of extreme designs at India International Jewellery Week (IIJW) 2017 powered by GIA. HRD Antwerp’s name is well known in Europe as an authority

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IIGJ Presented Work by its Designers

Mumbai: Day Two at the India International Jewellery Week 2017 (IIJW) powered by GIA opened with the grand show by six fresh talented designers from the Indian Institute of Gems and Jewellery (IIGJ), Mumbai in association with Izaara by Waman Hari Pethe Jewellers. The IIGJ is a project of the Gem and Jewellery Export Promotion Council (GJEPC), sponsored by the

Read More »

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

Read More »

CIBJO European Jewellery Guild Formed

Milan: The CIBJO European Jewellery Guild, a new body of leading associations from across the continent, has been formally established within the World Jewellery Confederation to advocate for the common interests of European based participants in the jewellery and gemstone industries, and to represent them in contacts with officials, departments and agencies of the European Commission, European Parliament and European

Read More »

Laksh Pahuja Presented Ingenious Designs

Mumbai: When it’s a Laksh Pahuja jewellery show expect the unexpected. The designer’s creativity always pushes the envelope to the unlimited corners, so the Laksh Pahuja Show presented by Gemma and HRD Antwerp was a line of extreme designs at India International Jewellery Week (IIJW) 2017 powered by GIA. HRD Antwerp’s name is well known in Europe as an authority

Read More »

IIGJ Presented Work by its Designers

Mumbai: Day Two at the India International Jewellery Week 2017 (IIJW) powered by GIA opened with the grand show by six fresh talented designers from the Indian Institute of Gems and Jewellery (IIGJ), Mumbai in association with Izaara by Waman Hari Pethe Jewellers. The IIGJ is a project of the Gem and Jewellery Export Promotion Council (GJEPC), sponsored by the

Read More »

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