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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
Nine New Diamond Deposits in Yakutia By 2025
Moscow: Nine new diamond deposits in two Arctic regions of Yakutia will be commissioned by 2025 by ALROSA subsidiaries, according to Vasily Zakharov, the first deputy minister of Industry and Geology of the Republic of Yakutia. “In 2016-2025, the two companies – Nizhne-Lenskoye and Diamonds Anabara (ALROSA subsidiaries) will commission nine new locations in two Arctic regions,” – he said.
HKTDC Announces World’s Largest Jewellery Show
Mumbai: Two of the jewellery industry’s leading trade fairs are set to open in Hong Kong in late February to early March. Organised by the Hong Kong Trade Development Council (HKTDC), the 4th Hong Kong International Diamond, Gem & Pearl Show will take place from 28 February to 4 March at the Asia World-Expo, while the 34th Hong Kong International
India Diamond Week Opened in New York
New York: The 6th India Diamond Week organised by The Gem & Jewellery Export Promotion Council (GJEPC) opens yesterday with 48 diamond manufacturers displaying their products on the Trading Floor of the Diamond Dealers Club, New York. The 3½ day event concludes on Thursday, January 26. The annnual trading platform has been established to assist Indian diamantaires develop and strenthen
India’s December 2016 G&J Exports Up 22.4%
Mumbai: India’s exports of Gem & Jewellery for Dec.2016 recorded $3.09 bn showing a growth of 22.38% as compared to exports worth $ 2.53 bn for the same month year 2015, according to data released by the Gem & Jewllery Export Promotion Council (GJEPC) of India. The country’s exports for 9-month FY 2016-17, reached $ 32.03 bn and was 11.76%
Nine New Diamond Deposits in Yakutia By 2025
Moscow: Nine new diamond deposits in two Arctic regions of Yakutia will be commissioned by 2025 by ALROSA subsidiaries, according to Vasily Zakharov, the first deputy minister of Industry and Geology of the Republic of Yakutia. “In 2016-2025, the two companies – Nizhne-Lenskoye and Diamonds Anabara (ALROSA subsidiaries) will commission nine new locations in two Arctic regions,” – he said.
HKTDC Announces World’s Largest Jewellery Show
Mumbai: Two of the jewellery industry’s leading trade fairs are set to open in Hong Kong in late February to early March. Organised by the Hong Kong Trade Development Council (HKTDC), the 4th Hong Kong International Diamond, Gem & Pearl Show will take place from 28 February to 4 March at the Asia World-Expo, while the 34th Hong Kong International
India Diamond Week Opened in New York
New York: The 6th India Diamond Week organised by The Gem & Jewellery Export Promotion Council (GJEPC) opens yesterday with 48 diamond manufacturers displaying their products on the Trading Floor of the Diamond Dealers Club, New York. The 3½ day event concludes on Thursday, January 26. The annnual trading platform has been established to assist Indian diamantaires develop and strenthen
India’s December 2016 G&J Exports Up 22.4%
Mumbai: India’s exports of Gem & Jewellery for Dec.2016 recorded $3.09 bn showing a growth of 22.38% as compared to exports worth $ 2.53 bn for the same month year 2015, according to data released by the Gem & Jewllery Export Promotion Council (GJEPC) of India. The country’s exports for 9-month FY 2016-17, reached $ 32.03 bn and was 11.76%
