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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
BDB Installs 118' High Indian National Flag Mast
Mumbai: A 118 feet high Flag Mast has been installed in the premises of Bharat Diamond Bourse located in the ‘G’ Block of Bandra Kurla Complex, a corporate hub of Mumbai. The Indian National Flag admeasuring 30’ X 20’ was ceremoniously hoisted at the hands of Mr. Kirtibhai Doshi, the senior most diamond merchant in Mumbai and Mrs. Amrita Devendra
16 Indian Cos Participating in India Diamond Week
Mumbai: In its effort to promote the Indian gems and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) in association with Diamond Dealer Club is organizing the 5th India Diamond Week from August 22 to 25, 2016 at the Diamond Dealers Club, 580 5th Avenue, New York. The main purpose of the four-day event is to create an
Pravasi Bharatiya Samman Awards on 9th Jan ’17
New Delhi: The Ministry of External Affairs, Government of India is organizing Pravasi Bharatiya Samman Awards (PBSA) on 9th January, 2017. PBSA are conferred as part of the Pravasi Bharatiya Divas Conventions that have been organized by the Government of India since 2003. PBSA is the highest honor conferred on Overseas Indians. The Awards shall be presented by the Ministry
KP Chair Releases Mid-Term Report
Dubai: In something of a departure, Kimberley Process (KP) Chair Ahmed Bin Sulayem released a mid-term report about the organization’s activities so far. Some of the initiatives included visits to diamond mining countries in Africa, valuation seminars, and putting under consideration a proposal for using blockchain technology in the diamond industry for greater security. Blockchain has been described as an
BDB Installs 118' High Indian National Flag Mast
Mumbai: A 118 feet high Flag Mast has been installed in the premises of Bharat Diamond Bourse located in the ‘G’ Block of Bandra Kurla Complex, a corporate hub of Mumbai. The Indian National Flag admeasuring 30’ X 20’ was ceremoniously hoisted at the hands of Mr. Kirtibhai Doshi, the senior most diamond merchant in Mumbai and Mrs. Amrita Devendra
16 Indian Cos Participating in India Diamond Week
Mumbai: In its effort to promote the Indian gems and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) in association with Diamond Dealer Club is organizing the 5th India Diamond Week from August 22 to 25, 2016 at the Diamond Dealers Club, 580 5th Avenue, New York. The main purpose of the four-day event is to create an
Pravasi Bharatiya Samman Awards on 9th Jan ’17
New Delhi: The Ministry of External Affairs, Government of India is organizing Pravasi Bharatiya Samman Awards (PBSA) on 9th January, 2017. PBSA are conferred as part of the Pravasi Bharatiya Divas Conventions that have been organized by the Government of India since 2003. PBSA is the highest honor conferred on Overseas Indians. The Awards shall be presented by the Ministry
KP Chair Releases Mid-Term Report
Dubai: In something of a departure, Kimberley Process (KP) Chair Ahmed Bin Sulayem released a mid-term report about the organization’s activities so far. Some of the initiatives included visits to diamond mining countries in Africa, valuation seminars, and putting under consideration a proposal for using blockchain technology in the diamond industry for greater security. Blockchain has been described as an
