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Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Top News
Lucara Reports Strong First Half Year Earnings
Vancouver: Lucara Diamond Corp has reported strong first half year earnings, with second quarter revenues of $140.8 million or $1,824 per carat resulting in first half revenues of $191.4 million. The first half revenue compared favorably with the $67.8 million in revenue over the same period in 2015. Lucara’s results were boosted by the sale of the 813-carat “Constellation” diamond,
Why Do Indians Buy So Much Gold? RBI to Study
Mumbai: The Reserve Bank of India (RBI) has set up a committee to study Indian household financing pattern and why they spend large sum of money on gold. The panel will look at various facets of household finance in India and to benchmark India’s position vis-a-vis both the peer and advanced countries, it said in a statement on Thursday. The
GJEPC & De Beers Donate INR 1 Crore to NGOs
Mumbai: To mark its 50th golden jubilee anniversary, Gem and Jewellery Export Promotion Council (GJEPC) presented ‘Jewellers for Hope Charity Dinner’ event in association with De Beers as part of its corporate social responsibility (CSR) initiatives. Though most gems and jewellery companies do individual charity, GJEPC’s ‘Jewellers for Hope’ is the ONLY event where jewellers come together for a common
GJF Organized Fashion Nite
Mumbai: All India Gems & Jewellery Trade Federation (GJF), the apex body of the domestic Gems & Jewellery sector, organized GJF Fashion Nite on 5th Aug, Mumbai to unveil the exclusive and designer jewellery collection by top Brands and promote new business relationships amongst the trade. Through this platform, GJF has also launched the new edition of Gems & Jewellery
Lucara Reports Strong First Half Year Earnings
Vancouver: Lucara Diamond Corp has reported strong first half year earnings, with second quarter revenues of $140.8 million or $1,824 per carat resulting in first half revenues of $191.4 million. The first half revenue compared favorably with the $67.8 million in revenue over the same period in 2015. Lucara’s results were boosted by the sale of the 813-carat “Constellation” diamond,
Why Do Indians Buy So Much Gold? RBI to Study
Mumbai: The Reserve Bank of India (RBI) has set up a committee to study Indian household financing pattern and why they spend large sum of money on gold. The panel will look at various facets of household finance in India and to benchmark India’s position vis-a-vis both the peer and advanced countries, it said in a statement on Thursday. The
GJEPC & De Beers Donate INR 1 Crore to NGOs
Mumbai: To mark its 50th golden jubilee anniversary, Gem and Jewellery Export Promotion Council (GJEPC) presented ‘Jewellers for Hope Charity Dinner’ event in association with De Beers as part of its corporate social responsibility (CSR) initiatives. Though most gems and jewellery companies do individual charity, GJEPC’s ‘Jewellers for Hope’ is the ONLY event where jewellers come together for a common
GJF Organized Fashion Nite
Mumbai: All India Gems & Jewellery Trade Federation (GJF), the apex body of the domestic Gems & Jewellery sector, organized GJF Fashion Nite on 5th Aug, Mumbai to unveil the exclusive and designer jewellery collection by top Brands and promote new business relationships amongst the trade. Through this platform, GJF has also launched the new edition of Gems & Jewellery
