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 »

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JNA Awards Announces 2017 Honourees

Hong Kong: The JNA Awards announced its list of Honourees or finalists across 10 categories on the side lines of the June Hong Kong Jewellery & Gem Fair. The event, now in its sixth year, is a premier awards programme that recognises and celebrates excellence and achievement in the jewellery and gemstone industry, with a focus on advancing the trade

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Birla Jewels Sets Foot in Madhya Pradesh

Morar: Birla Jewels Ltd. announced entry of their jewellery retail store “BJEWELZ” in Morar, Madhya Pradesh (India). Birla Jewels, a chain of jewellery retail stores with the launch of their store at Sadar Bazar, Morar offers a vast and versatile collection of modern, contemporary as well as conventional jewellery at affordable prices. With a firm focus on affordability, quality and

Read More »

IDE Opens Diamond Tech Innovation Center

Ramat Gan: The Israel Diamond Exchange (IDE) joins the “Start-Up Nation” with the opening of Diamond Tech Innovation Center – a technological incubator for Israeli and international diamond-related start-ups. Diamond Tech will provide a home and financial support for start-ups that are in the initial stages of development. Through this initiative IDE plans to promote new technologies for diamonds in

Read More »

CIBJO Pres Meets Thailand Commerce Minister

Bangkok: CIBJO President Gaetano Cavalieri has met in Bangkok with Mrs. Apiradi Tantraporn, the Minister of Commerce of the Republic of Thailand, to discuss preparations for the 2017 CIBJO Congress, which will take place in the city in November, and also ways in which CIBJO and the congress can assist in enhancing the role of Thailand in the international jewellery

Read More »

JNA Awards Announces 2017 Honourees

Hong Kong: The JNA Awards announced its list of Honourees or finalists across 10 categories on the side lines of the June Hong Kong Jewellery & Gem Fair. The event, now in its sixth year, is a premier awards programme that recognises and celebrates excellence and achievement in the jewellery and gemstone industry, with a focus on advancing the trade

Read More »

Birla Jewels Sets Foot in Madhya Pradesh

Morar: Birla Jewels Ltd. announced entry of their jewellery retail store “BJEWELZ” in Morar, Madhya Pradesh (India). Birla Jewels, a chain of jewellery retail stores with the launch of their store at Sadar Bazar, Morar offers a vast and versatile collection of modern, contemporary as well as conventional jewellery at affordable prices. With a firm focus on affordability, quality and

Read More »

IDE Opens Diamond Tech Innovation Center

Ramat Gan: The Israel Diamond Exchange (IDE) joins the “Start-Up Nation” with the opening of Diamond Tech Innovation Center – a technological incubator for Israeli and international diamond-related start-ups. Diamond Tech will provide a home and financial support for start-ups that are in the initial stages of development. Through this initiative IDE plans to promote new technologies for diamonds in

Read More »

CIBJO Pres Meets Thailand Commerce Minister

Bangkok: CIBJO President Gaetano Cavalieri has met in Bangkok with Mrs. Apiradi Tantraporn, the Minister of Commerce of the Republic of Thailand, to discuss preparations for the 2017 CIBJO Congress, which will take place in the city in November, and also ways in which CIBJO and the congress can assist in enhancing the role of Thailand in the international jewellery

Read More »

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