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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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

Read More »

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Italian Exhibition Group to Organize 2 Expos

Rimini: 2017 is getting off to a great start for IEG – Italian Exhibition Group SpA. The new player on the expo scene was officially founded on 1st November with the merger between Rimini Fiera and Fiera di Vicenza, which now is the second largest Italian expo hub as far as turnover is concerned. Led by president Lorenzo Cagnoni, vice

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CaratLane Opens its 2nd Store in Bengaluru

Bengaluru: CaratLane, India’s leading omni-channel jeweller has opened its 2nd store in Bengaluru, at Koramangala. For a brand that’s on a mission to democratize access to jewellery, this store launch, the 14th in the country, is a step forward in expanding the growing retail footprint. Situated at the city’s high street arena, this outpost of CaratLane – a Tanishq partnership

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Italian Exhibition Group Accredited at the UN

Rimini: The Italian Exhibition Group Spa (IEG), the new trade show company created through the merger between Rimini Fiera and Fiera di Vicenza, received prestigious international recognition in New York on Thursday (January 12), when it was awarded formal accreditation through CIBJO, the World Jewellery Confederation, from ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities

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Sierra Leone Optimistic about Diamond Trade

Ramat Gan: Sierra Leone President Ernest Bai Koroma spoke optimistically of the nation’s future in the diamond industry on a visit to the Israel Diamond Exchange (IDE). “Even though the alluvial diamond deposits [in Sierra Leone] are shrinking, there are still diamonds in kimberlite pipes which could be mined,” President Koroma was cited as saying in a note on the

Read More »

Italian Exhibition Group to Organize 2 Expos

Rimini: 2017 is getting off to a great start for IEG – Italian Exhibition Group SpA. The new player on the expo scene was officially founded on 1st November with the merger between Rimini Fiera and Fiera di Vicenza, which now is the second largest Italian expo hub as far as turnover is concerned. Led by president Lorenzo Cagnoni, vice

Read More »

CaratLane Opens its 2nd Store in Bengaluru

Bengaluru: CaratLane, India’s leading omni-channel jeweller has opened its 2nd store in Bengaluru, at Koramangala. For a brand that’s on a mission to democratize access to jewellery, this store launch, the 14th in the country, is a step forward in expanding the growing retail footprint. Situated at the city’s high street arena, this outpost of CaratLane – a Tanishq partnership

Read More »

Italian Exhibition Group Accredited at the UN

Rimini: The Italian Exhibition Group Spa (IEG), the new trade show company created through the merger between Rimini Fiera and Fiera di Vicenza, received prestigious international recognition in New York on Thursday (January 12), when it was awarded formal accreditation through CIBJO, the World Jewellery Confederation, from ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities

Read More »

Sierra Leone Optimistic about Diamond Trade

Ramat Gan: Sierra Leone President Ernest Bai Koroma spoke optimistically of the nation’s future in the diamond industry on a visit to the Israel Diamond Exchange (IDE). “Even though the alluvial diamond deposits [in Sierra Leone] are shrinking, there are still diamonds in kimberlite pipes which could be mined,” President Koroma was cited as saying in a note on the

Read More »

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