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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
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
Top News
India-SAARC-ME Buyer-Seller Meet in May
New Delhi: Over 60 buyers from SAARC, Middle East and South East Asia are expected to attend the second edition of the India-SAARC-ME Buyer-Seller meet that is being hosted by GJEPC from May 14-16 in Delhi. About 40 leading manufacturers of plain gold and diamond studded jewellery from across India are also expected to participate. Jewellery studded with synthetic diamonds
ALROSA Starts Trading on Moscow Exchange
Moscow: Russian diamond mining giant Alrosa said it has gained direct access to trading at Moscow Exchange’s FX Market. The first trades were executed on April 4. Since January 16, Russian legal entities that are not credit organizations or professional participants of the securities market have been permitted to enter the FX market directly on equal terms with banks and
Winners of 43rd IGJ Awards by GJEPC
Mumbai: Maharashtra Chief Minister Mr. Devendra Fadnavis graced the 43rd India Gem & Jewellery Awards (IGJA 2016) hosted recently by Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA to recognise and reward star performers of the Indian gem and jewellery sector. Below is the complete list of the winners: Category name Name of the Firm Receivers Name
KGK to Invest $50M in Polishing Near Vladivostok
Moscow: Back in September 2016, ALROSA announced a partnership with Indian company KGK Diamonds Private Ltd, a global leader in diamond cutting, to develop cutting and polishing facilities in Eurasian Diamond Centre in Vladivostok. The agreement entailed ALROSA assisting KGK in the creation of a diamond cutting company on the territory of the Diamond Centre in the Far East, supplying
India-SAARC-ME Buyer-Seller Meet in May
New Delhi: Over 60 buyers from SAARC, Middle East and South East Asia are expected to attend the second edition of the India-SAARC-ME Buyer-Seller meet that is being hosted by GJEPC from May 14-16 in Delhi. About 40 leading manufacturers of plain gold and diamond studded jewellery from across India are also expected to participate. Jewellery studded with synthetic diamonds
ALROSA Starts Trading on Moscow Exchange
Moscow: Russian diamond mining giant Alrosa said it has gained direct access to trading at Moscow Exchange’s FX Market. The first trades were executed on April 4. Since January 16, Russian legal entities that are not credit organizations or professional participants of the securities market have been permitted to enter the FX market directly on equal terms with banks and
Winners of 43rd IGJ Awards by GJEPC
Mumbai: Maharashtra Chief Minister Mr. Devendra Fadnavis graced the 43rd India Gem & Jewellery Awards (IGJA 2016) hosted recently by Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA to recognise and reward star performers of the Indian gem and jewellery sector. Below is the complete list of the winners: Category name Name of the Firm Receivers Name
KGK to Invest $50M in Polishing Near Vladivostok
Moscow: Back in September 2016, ALROSA announced a partnership with Indian company KGK Diamonds Private Ltd, a global leader in diamond cutting, to develop cutting and polishing facilities in Eurasian Diamond Centre in Vladivostok. The agreement entailed ALROSA assisting KGK in the creation of a diamond cutting company on the territory of the Diamond Centre in the Far East, supplying
