The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?

Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,

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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?

Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,

Read More »

Top News

KP Meeting Has Critical Issues to Discuss: WFDB

Antwerp: The World Federation of Diamond Bourses (WFDB) says the upcoming Plenary meeting of the Kimberley Process Certification Scheme (KPCS) which takes place in Dubai, UAE, from November 13-17 will have important issues on its agenda. The KPCS continues to play a critical role in curbing trade in conflict diamonds and the WFDB’s membership is fully committed to the organisation’s

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8th Edition of GGJS Begins from 6th Jan, 2017

Ahmedabad: The 7th Edition of Gujarat Gold Jewellery show (GGJS) was held at Ahmedabad which was jointly organized by and Gold Ornaments Wholesale Jewellers Association (GOWJA) with more than 600 stalls, 45 premium pavilions from across India, 20,000 trade visitors and 5 lac products. All these will shape a never-said success story on an area spread over 1.2 lac Sq.

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Petra Diamonds Production Goes up by 30%

Johannesburg: Petra Diamonds said output jumped in the first fiscal quarter as mining grades were higher. Rough diamond production grew 30 percent to 1.1 million carats in the three months that ended September 30 because of increased contribution from “undiluted run-of-mine ore.” Diamond recovery levels were also lifted by the joint acquisition of the Kimberley mines in January and the

Read More »

Brilliant Women will Meet in Bogota

Bogota: This initiative promoted by the World Jewelry Hub and Diamond Exchange Panama seeks to empower more women in the jewelry industry in Latin America. The group calling itself the Brilliant Women will hold its second meeting in the Colombian capital, to analyze the role of women in the jewelry industry. The meeting will be held on Thursday , October

Read More »

KP Meeting Has Critical Issues to Discuss: WFDB

Antwerp: The World Federation of Diamond Bourses (WFDB) says the upcoming Plenary meeting of the Kimberley Process Certification Scheme (KPCS) which takes place in Dubai, UAE, from November 13-17 will have important issues on its agenda. The KPCS continues to play a critical role in curbing trade in conflict diamonds and the WFDB’s membership is fully committed to the organisation’s

Read More »

8th Edition of GGJS Begins from 6th Jan, 2017

Ahmedabad: The 7th Edition of Gujarat Gold Jewellery show (GGJS) was held at Ahmedabad which was jointly organized by and Gold Ornaments Wholesale Jewellers Association (GOWJA) with more than 600 stalls, 45 premium pavilions from across India, 20,000 trade visitors and 5 lac products. All these will shape a never-said success story on an area spread over 1.2 lac Sq.

Read More »

Petra Diamonds Production Goes up by 30%

Johannesburg: Petra Diamonds said output jumped in the first fiscal quarter as mining grades were higher. Rough diamond production grew 30 percent to 1.1 million carats in the three months that ended September 30 because of increased contribution from “undiluted run-of-mine ore.” Diamond recovery levels were also lifted by the joint acquisition of the Kimberley mines in January and the

Read More »

Brilliant Women will Meet in Bogota

Bogota: This initiative promoted by the World Jewelry Hub and Diamond Exchange Panama seeks to empower more women in the jewelry industry in Latin America. The group calling itself the Brilliant Women will hold its second meeting in the Colombian capital, to analyze the role of women in the jewelry industry. The meeting will be held on Thursday , October

Read More »

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