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 »

Top News

No Compensation If Jewellery Stolen from Bank Locker

New Delhi: Do not expect any compensation for theft or burglary of valuables in lockers of public sector banks as the hiring agreement on the safe deposit boxes absolves them of all liability, according to media reports. This was disclosed in an RTI response by the RBI and 19 public-sector banks. Stung by the revelation, the lawyer who had sought

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GJF to Launch Adhigam Software For GST

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, is planning for it’s series of GST seminars in Mumbai on 29th June, 2017 from 2pm to 6 pm, at Birla Matoshri Sabhagraha, Marine Lines, Mumbai. After receiving a large number of queries from

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Endiama Surpasses 2016 Diamond Output Target

Luanda: Angola’s state-owned diamond mining company Endiama produced 9.21 million carats of diamonds last year, exceeding a target of 9 million carats set by the ministry of planning and territorial development. Footprint to Africa quoted company chairperson António Carlos Sumbula as saying that the improved output was a result of “great work” by the employees. He said Endiama would this

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Zimbabwe's Diamond Production May Go up by 150%

Harare: Mines minister Walter Chidakwa told the Zimbabwe parliament yesterday that the Zimbabwe Diamond Mining Company (ZCDC) still has 300 million tons of diamond ore to mine in Chiadzwa, reports NewsDay. “The organisation has 300 million tons of ore containing 200 million carats all in the inferred category or ore resource classification, whose confidence level is currently about 20%,” Chidakwa

Read More »

No Compensation If Jewellery Stolen from Bank Locker

New Delhi: Do not expect any compensation for theft or burglary of valuables in lockers of public sector banks as the hiring agreement on the safe deposit boxes absolves them of all liability, according to media reports. This was disclosed in an RTI response by the RBI and 19 public-sector banks. Stung by the revelation, the lawyer who had sought

Read More »

GJF to Launch Adhigam Software For GST

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, is planning for it’s series of GST seminars in Mumbai on 29th June, 2017 from 2pm to 6 pm, at Birla Matoshri Sabhagraha, Marine Lines, Mumbai. After receiving a large number of queries from

Read More »

Endiama Surpasses 2016 Diamond Output Target

Luanda: Angola’s state-owned diamond mining company Endiama produced 9.21 million carats of diamonds last year, exceeding a target of 9 million carats set by the ministry of planning and territorial development. Footprint to Africa quoted company chairperson António Carlos Sumbula as saying that the improved output was a result of “great work” by the employees. He said Endiama would this

Read More »

Zimbabwe's Diamond Production May Go up by 150%

Harare: Mines minister Walter Chidakwa told the Zimbabwe parliament yesterday that the Zimbabwe Diamond Mining Company (ZCDC) still has 300 million tons of diamond ore to mine in Chiadzwa, reports NewsDay. “The organisation has 300 million tons of ore containing 200 million carats all in the inferred category or ore resource classification, whose confidence level is currently about 20%,” Chidakwa

Read More »

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