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

De Beers to Hold Polished Auction in August

Gaborone: De Beers Group yesterday announced that its Auction Sales business will run further polished diamond auction events in August, following the success of the initial events in late June. Customer response to the initial auction events in June was positive, with the auction featuring diamonds polished directly from De Beers-mined rough diamonds seeing the majority of lots successfully sold.

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Celebrate Rakshabandhan with Platinum

Mumbai:  Raksha Bandhan, is one of the most widely celebrated festivals of India.  A celebration of the love shared by siblings it is a day that strengthens the bond between brother and sister.  On this auspicious day, there is no better gift than precious platinum to express your love and affection for your beloved sister. Pure, rare and eternal platinum

Read More »

2nd Edition of Dajikaka Trophy Launched

Pune: PNG Jewellers announced its second edition of the one act play competition “Dajikaka Gadgil Karandak”  (Trophy) celebrated to commemorate the founder Late Shri Dajikaka Gadgil, who took great pride in promoting art & culture. It is a Maharashtra State Level competition participation entry forms for which will be available at all PNG Jewellers outlets including Pune, Mumbai, Ahmednagar, Aurangabad

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De Beers Announced New Appointments

Gaborone: De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect. Ann will join De Beers from Rolls-Royce, where

Read More »

De Beers to Hold Polished Auction in August

Gaborone: De Beers Group yesterday announced that its Auction Sales business will run further polished diamond auction events in August, following the success of the initial events in late June. Customer response to the initial auction events in June was positive, with the auction featuring diamonds polished directly from De Beers-mined rough diamonds seeing the majority of lots successfully sold.

Read More »

Celebrate Rakshabandhan with Platinum

Mumbai:  Raksha Bandhan, is one of the most widely celebrated festivals of India.  A celebration of the love shared by siblings it is a day that strengthens the bond between brother and sister.  On this auspicious day, there is no better gift than precious platinum to express your love and affection for your beloved sister. Pure, rare and eternal platinum

Read More »

2nd Edition of Dajikaka Trophy Launched

Pune: PNG Jewellers announced its second edition of the one act play competition “Dajikaka Gadgil Karandak”  (Trophy) celebrated to commemorate the founder Late Shri Dajikaka Gadgil, who took great pride in promoting art & culture. It is a Maharashtra State Level competition participation entry forms for which will be available at all PNG Jewellers outlets including Pune, Mumbai, Ahmednagar, Aurangabad

Read More »

De Beers Announced New Appointments

Gaborone: De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect. Ann will join De Beers from Rolls-Royce, where

Read More »

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