The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

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The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

Read More »

Top News

DMIA & US KP Plan Joint Research Project in US

New York:  The Diamond Manufacturers and Importers Association of America (DMIA) and the United States Kimberley Process Authority (USKPA) announced their plan to conduct a joint research project to study the trade in rough diamonds in the United States. The study will educate the members of both organizations about the activity and nature of U.S. imports and exports of rough

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Construction of Surat Diamond Bourse Commences

Surat: Gujarat chief minister Mr. Vijay Rupani on Sunday laid the foundation stone for the Surat Diamond Bourse (SDB), saying it would put the city and the state on the map of world. “With this complex becoming operational, Surat will find its place among the world diamond trading hubs. This will boost the trade prospects for diamond traders from Surat,”

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Lucapa to sell Two Large Diamonds

Luanda: Lucapa Diamond will hold two diamond sales in the final quarter of this year following continued large diamond recoveries at the Lulo diamond mine in Angola. The next sale of diamonds is scheduled for mid-November. It will include the 172-carat and 104-carat Type IIa D-color diamonds recovered in September. Lulo continues to provide regular large specials, with the latest

Read More »

Some Civil Society Members to Attend KP Meeting

Dubai: The office of the UAE Kimberley Process (KP) Chair has announced that members of Civil Society will attend the KP Plenary in Dubai, on November 13-17. The announcement follows an official invitation sent by the KP Chair on October 13 urging members of the Civil Society Coalition to attend the KP Plenary to discuss and make joint progress on

Read More »

DMIA & US KP Plan Joint Research Project in US

New York:  The Diamond Manufacturers and Importers Association of America (DMIA) and the United States Kimberley Process Authority (USKPA) announced their plan to conduct a joint research project to study the trade in rough diamonds in the United States. The study will educate the members of both organizations about the activity and nature of U.S. imports and exports of rough

Read More »

Construction of Surat Diamond Bourse Commences

Surat: Gujarat chief minister Mr. Vijay Rupani on Sunday laid the foundation stone for the Surat Diamond Bourse (SDB), saying it would put the city and the state on the map of world. “With this complex becoming operational, Surat will find its place among the world diamond trading hubs. This will boost the trade prospects for diamond traders from Surat,”

Read More »

Lucapa to sell Two Large Diamonds

Luanda: Lucapa Diamond will hold two diamond sales in the final quarter of this year following continued large diamond recoveries at the Lulo diamond mine in Angola. The next sale of diamonds is scheduled for mid-November. It will include the 172-carat and 104-carat Type IIa D-color diamonds recovered in September. Lulo continues to provide regular large specials, with the latest

Read More »

Some Civil Society Members to Attend KP Meeting

Dubai: The office of the UAE Kimberley Process (KP) Chair has announced that members of Civil Society will attend the KP Plenary in Dubai, on November 13-17. The announcement follows an official invitation sent by the KP Chair on October 13 urging members of the Civil Society Coalition to attend the KP Plenary to discuss and make joint progress on

Read More »

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