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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
KGK Signs Agreement with PJSC Alrosa
Mumbai: KGK Diamonds and Russian miner Alrosa, once again come together with an interest to widen partnerships and a step to develop the diamond industry in Russia. An ‘Agreement of Intent’ has been signed by both parties, during the Second Eastern Economic Forum held on September 2-3, 2016; on the creation of a diamond cutting and polishing unit in the
BlueStone.com Makes New Appointments
Mumbai: Close on the heels of their latest funding round of Rs 200 crores, BlueStone.com has laid the roadmap for exponential growth in the coming months by ramping up its Product and Technology teams. The company has brought on board two key executives – Ravi Krishna as Senior Vice President of Product and Samarth Bhargava as Vice President of Technology.
Need to change Tactics for Next Consumer Gen.
Vicenza: Arguably the most substantial reconsideration in recent decades of the way in which diamond jewellery should promoted and sold was the focus of a seminar held September 4, 2016, the second day of the VICENZAORO September trade fair in Vicenza, Italy. Entitled “The Challenge of Marketing to Millennials: The Next Great Consumer Generation,” the event was co-organized by CIBJO
Indian Govt. to Set up Gem Certifying Labs
New Delhi: To weed out fakes precious gemstones, the government has begun a process similar to hallmarking of gold which it says will help reinforce consumer confidence in Indian gems and jewellery industry, reports The Economic Times. With no regulation for testing and certifying coloured gemstones and increasing proliferation of online jewellery stores, the commerce department along with industry and
KGK Signs Agreement with PJSC Alrosa
Mumbai: KGK Diamonds and Russian miner Alrosa, once again come together with an interest to widen partnerships and a step to develop the diamond industry in Russia. An ‘Agreement of Intent’ has been signed by both parties, during the Second Eastern Economic Forum held on September 2-3, 2016; on the creation of a diamond cutting and polishing unit in the
BlueStone.com Makes New Appointments
Mumbai: Close on the heels of their latest funding round of Rs 200 crores, BlueStone.com has laid the roadmap for exponential growth in the coming months by ramping up its Product and Technology teams. The company has brought on board two key executives – Ravi Krishna as Senior Vice President of Product and Samarth Bhargava as Vice President of Technology.
Need to change Tactics for Next Consumer Gen.
Vicenza: Arguably the most substantial reconsideration in recent decades of the way in which diamond jewellery should promoted and sold was the focus of a seminar held September 4, 2016, the second day of the VICENZAORO September trade fair in Vicenza, Italy. Entitled “The Challenge of Marketing to Millennials: The Next Great Consumer Generation,” the event was co-organized by CIBJO
Indian Govt. to Set up Gem Certifying Labs
New Delhi: To weed out fakes precious gemstones, the government has begun a process similar to hallmarking of gold which it says will help reinforce consumer confidence in Indian gems and jewellery industry, reports The Economic Times. With no regulation for testing and certifying coloured gemstones and increasing proliferation of online jewellery stores, the commerce department along with industry and
