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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
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Winners of ‘PLAT Africa 2016’ Visit Mumbai
Mumbai: Winners of the PLAT AFRICA 2016 – (a jewellery design competition) visited Mumbai to create awareness about the platinum in India. Organised by Anglo American Platinum in collaboration with Platinum Guild International (PGI) and Metal Concentrators, the prestigious competition is open to student/ apprentice and professional jewellers in South Africa. It promotes innovation and technical expertise in the design
Plans to Organize ‘PLAT Competition’ in India
Mumbai: ‘We are planning to organize ‘PLAT Jewellery Design Competition’ in India also,” said Ms. Vaishali Banerjee, Country Manager of India Platinum Guild International (PGI). While addressing a media conference organized to welcome winners of the ‘PLAT AFRICA 2016’ jewellery design competition in Mumbai, she said “We are in discussion with Anglo American, the organizer of PLAT AFRICA competition to
Thailand Gems & Jewelry Fair from 15th June
Bangkok: Thai government agencies and Presidents from gems and jewelry associations across ASEAN joined the Thai Gem and Jewelry Traders Association (TGJTA) to promote the inaugural Thailand Gems & Jewelry Fair, which will be held from June 15 to 18, 2017 at IMPACT Challenger 2, Muang Thong Thani, Bangkok, Thailand. Welcoming all the supporting country-heads and trade associations, Mr. Suttipong
Pink Diamond Smashes Records with $71M Sale
Hong Kong: Chow Tai Fook bought the Pink Star diamond for $71.2 million at Sotheby’s Hong Kong on Tuesday, making it the most valuable diamond sold at auction. The oval, mixed-cut, 59.60-carat, fancy vivid pink, internally flawless diamond went for $1.2 million per carat following a brief bidding battle broadcast live on the auctioneer’s website. The stone recaptured its title
Winners of ‘PLAT Africa 2016’ Visit Mumbai
Mumbai: Winners of the PLAT AFRICA 2016 – (a jewellery design competition) visited Mumbai to create awareness about the platinum in India. Organised by Anglo American Platinum in collaboration with Platinum Guild International (PGI) and Metal Concentrators, the prestigious competition is open to student/ apprentice and professional jewellers in South Africa. It promotes innovation and technical expertise in the design
Plans to Organize ‘PLAT Competition’ in India
Mumbai: ‘We are planning to organize ‘PLAT Jewellery Design Competition’ in India also,” said Ms. Vaishali Banerjee, Country Manager of India Platinum Guild International (PGI). While addressing a media conference organized to welcome winners of the ‘PLAT AFRICA 2016’ jewellery design competition in Mumbai, she said “We are in discussion with Anglo American, the organizer of PLAT AFRICA competition to
Thailand Gems & Jewelry Fair from 15th June
Bangkok: Thai government agencies and Presidents from gems and jewelry associations across ASEAN joined the Thai Gem and Jewelry Traders Association (TGJTA) to promote the inaugural Thailand Gems & Jewelry Fair, which will be held from June 15 to 18, 2017 at IMPACT Challenger 2, Muang Thong Thani, Bangkok, Thailand. Welcoming all the supporting country-heads and trade associations, Mr. Suttipong
Pink Diamond Smashes Records with $71M Sale
Hong Kong: Chow Tai Fook bought the Pink Star diamond for $71.2 million at Sotheby’s Hong Kong on Tuesday, making it the most valuable diamond sold at auction. The oval, mixed-cut, 59.60-carat, fancy vivid pink, internally flawless diamond went for $1.2 million per carat following a brief bidding battle broadcast live on the auctioneer’s website. The stone recaptured its title
