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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
New NFC Technology to Identify Diamonds
New York: Near Field Communication, or NFC, is best known for enabling mobile payments. Two companies are now trying to apply the technology to something more glamorous: The diamond industry. Thinfilm, which prints NFC tags, and Sarine Technologies, which develops technologies for diamonds and gemstones, are partnering to bring NFC to the precious stones. Thinfilm will print NFC tags that
Second Jewelry Summit Set in Tucson in 2017
Tuscon: The second Jewelry Industry Summit to advance sustainability and responsible sourcing initiatives will take place from January 29 to 30 in Tucson during the city’s annual gemstones fair, organizers said. The meeting aims to build on the conclusions of the first summit held in New York in March where a broad range of issues and proposals were made. The
US May Lift Ban on Burmese Rubies, Jade
Washington: The remaining financial and trade sanctions against Myanmar likely will soon be lifted, meaning Burmese jade and rubies again could be imported to the U.S., reports National Jeweler. The announcement came from the White House after President Barack Obama’s recent meeting with Myanmar State Counsellor Daw Aung San Suu Kyi to discuss the country’s change and development over the
WFDB Hosts Young Diamantaires Inaugural Meeting
Antwerp: The World Federation of Diamond Bourses’ (WFDB) Young Diamantaires group held its inaugural meeting in Hong Kong during the Jewellery and Gems Fair on September 15. The initiative was launched just four months ago at the 37th World Diamond Congress in Dubai, with strong and widespread interest among young diamond industry members from across the globe joining in the
New NFC Technology to Identify Diamonds
New York: Near Field Communication, or NFC, is best known for enabling mobile payments. Two companies are now trying to apply the technology to something more glamorous: The diamond industry. Thinfilm, which prints NFC tags, and Sarine Technologies, which develops technologies for diamonds and gemstones, are partnering to bring NFC to the precious stones. Thinfilm will print NFC tags that
Second Jewelry Summit Set in Tucson in 2017
Tuscon: The second Jewelry Industry Summit to advance sustainability and responsible sourcing initiatives will take place from January 29 to 30 in Tucson during the city’s annual gemstones fair, organizers said. The meeting aims to build on the conclusions of the first summit held in New York in March where a broad range of issues and proposals were made. The
US May Lift Ban on Burmese Rubies, Jade
Washington: The remaining financial and trade sanctions against Myanmar likely will soon be lifted, meaning Burmese jade and rubies again could be imported to the U.S., reports National Jeweler. The announcement came from the White House after President Barack Obama’s recent meeting with Myanmar State Counsellor Daw Aung San Suu Kyi to discuss the country’s change and development over the
WFDB Hosts Young Diamantaires Inaugural Meeting
Antwerp: The World Federation of Diamond Bourses’ (WFDB) Young Diamantaires group held its inaugural meeting in Hong Kong during the Jewellery and Gems Fair on September 15. The initiative was launched just four months ago at the 37th World Diamond Congress in Dubai, with strong and widespread interest among young diamond industry members from across the globe joining in the
