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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
Modi Encourages Industry to Scale Greater Heights
Mumbai: On the evening of March 19, 2017, The Gem & Jewellery Export Promotion Council (GJEPC) organised a grand gala dinner to celebrate its Golden Jubilee. It was attended by the various delegations and dignitaries who had gathered from across the world to attend the International Diamond Conference – Mines to Market, which was inaugurated on the same morning; as
Mines to Market Discusses Various Issues on Day-1
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) that is celebrating its Golden Jubilee year, had organised international diamond conference ‘Mines to Market’ on 19th & 20th March in Mumbai. Delivering welcome address, Chairman of GJEPC Mr. Praveenshankar Pandya said, “The event would tackle both opportunities and challenges facing the industry, among them marketing, compliance and finance. He called
CARAT+ Teams with Bond Girl & Rapaport
Antwerp: Organizers of the CARAT+ “Diamond Event” trade show to be held in Antwerp from May 7 – 9 have announced an agreement with “Bond Girl” Caterina Murino (Casino Royale, 2006) to be a guest of honor, and has announced an exclusive media partnership with The Rapaport Group. Murino, playing the sultry Solange Dimitrios, became the 71st member of one
PNG Jewellers’ Silver Jubilee Store in New Jersey
Mumbai: PNG Jewellers has launched its third store in New Jersey, United States of America on 18th March, 2017. The store was inaugurated by Bollywood diva Raveena Tandon in presence of Mr. Saurabh Gadgil – Chairman & Managing Director and other renowned dignitaries. This 4000 sq. ft. spacious showroom located in the heart of the city, showcases exquisite pieces of
Modi Encourages Industry to Scale Greater Heights
Mumbai: On the evening of March 19, 2017, The Gem & Jewellery Export Promotion Council (GJEPC) organised a grand gala dinner to celebrate its Golden Jubilee. It was attended by the various delegations and dignitaries who had gathered from across the world to attend the International Diamond Conference – Mines to Market, which was inaugurated on the same morning; as
Mines to Market Discusses Various Issues on Day-1
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) that is celebrating its Golden Jubilee year, had organised international diamond conference ‘Mines to Market’ on 19th & 20th March in Mumbai. Delivering welcome address, Chairman of GJEPC Mr. Praveenshankar Pandya said, “The event would tackle both opportunities and challenges facing the industry, among them marketing, compliance and finance. He called
CARAT+ Teams with Bond Girl & Rapaport
Antwerp: Organizers of the CARAT+ “Diamond Event” trade show to be held in Antwerp from May 7 – 9 have announced an agreement with “Bond Girl” Caterina Murino (Casino Royale, 2006) to be a guest of honor, and has announced an exclusive media partnership with The Rapaport Group. Murino, playing the sultry Solange Dimitrios, became the 71st member of one
PNG Jewellers’ Silver Jubilee Store in New Jersey
Mumbai: PNG Jewellers has launched its third store in New Jersey, United States of America on 18th March, 2017. The store was inaugurated by Bollywood diva Raveena Tandon in presence of Mr. Saurabh Gadgil – Chairman & Managing Director and other renowned dignitaries. This 4000 sq. ft. spacious showroom located in the heart of the city, showcases exquisite pieces of
