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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
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GJEPC-ALROSA Agree to Collaborate on Multiple Fronts
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have agreed to work together more closely for resolution of a number of issues facing the diamond industry, following a recent meeting at the ALROSA headquarters in Moscow that GJEPC Chairman Praveenshankar Pandya had with newly appointed ALROSA president Sergey Ivanov and Vice Presidents Yuri Okoyomov and Andrey Polyakov.
Sovereign Gold Bonds for Akshaya Tritiya
New Delhi: The government of India has announced the first Sovereign Gold Bonds (SGB) of the financial year a few days ahead of Akshay Tritiya, considered auspicious for buying gold. The applications for Sovereign Gold Bonds 2017-18 – Series I will be accepted from April 24 to 28, and the bonds will be issued on May 12. Akshaya Tritiya is
ALROSA Meets Long-Term Customers
Moscow: President of ALROSA Sergey Ivanov took part in an extraordinary business meeting with the company’s long-term clients dedicated to the new contract period. Participants of the meeting from more than 70 Russian and foreign companies had a chance to discuss diamond market trends, existing market environment, plans for the near future, and the company’s sales structure with ALROSA’s management.
China’s Jewellery Sales Record 7.9% Increase in Q1
Beijing: Retail sales of gold, silver and jewellery continued its winning streak in China, recording a 7.9 percent increase in the first quarter of 2017, data from the National Bureau of Statistics of China showed. Sales reached RMB 80.5 billion (around US$11.7 billion) from January to March, indicating a continued rebound in the jewellery consumption sector. Government data also showed
GJEPC-ALROSA Agree to Collaborate on Multiple Fronts
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have agreed to work together more closely for resolution of a number of issues facing the diamond industry, following a recent meeting at the ALROSA headquarters in Moscow that GJEPC Chairman Praveenshankar Pandya had with newly appointed ALROSA president Sergey Ivanov and Vice Presidents Yuri Okoyomov and Andrey Polyakov.
Sovereign Gold Bonds for Akshaya Tritiya
New Delhi: The government of India has announced the first Sovereign Gold Bonds (SGB) of the financial year a few days ahead of Akshay Tritiya, considered auspicious for buying gold. The applications for Sovereign Gold Bonds 2017-18 – Series I will be accepted from April 24 to 28, and the bonds will be issued on May 12. Akshaya Tritiya is
ALROSA Meets Long-Term Customers
Moscow: President of ALROSA Sergey Ivanov took part in an extraordinary business meeting with the company’s long-term clients dedicated to the new contract period. Participants of the meeting from more than 70 Russian and foreign companies had a chance to discuss diamond market trends, existing market environment, plans for the near future, and the company’s sales structure with ALROSA’s management.
China’s Jewellery Sales Record 7.9% Increase in Q1
Beijing: Retail sales of gold, silver and jewellery continued its winning streak in China, recording a 7.9 percent increase in the first quarter of 2017, data from the National Bureau of Statistics of China showed. Sales reached RMB 80.5 billion (around US$11.7 billion) from January to March, indicating a continued rebound in the jewellery consumption sector. Government data also showed
