The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial

Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.

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The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial

Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.

Read More »

Top News

India’s U-Turn over Koh-i-Noor Claim

New Delhi: The Indian government says it is still seeking to reclaim the Koh-i-Noor diamond from Britain, despite telling India’s Supreme Court otherwise. The gem came into British hands in the 19th Century and is part of the Crown Jewels on show at the Tower of London. Ownership of the priceless gem is an emotional issue for many Indians, who

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CIBJO Releases 'CSR for the Jewellery Professional'

Milan: World Jewellery Confederation Education Foundation (WJCEF), the educational arm of CIBJO, has announced the launch of a six-lesson course on Corporate Social Responsibility (CSR) for jewellery, diamond, coloured gemstone, pearls, coral and precious metal professionals, in association with Branded Trust Education of Australia. The online course, called “CSR for the Jewellery Professional” was developed by a team of world-recognized

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KP Teams Visit CAR & Venezuela

Dubai: Over the last two months, teams from the Kimberley Process (KP) have visited the Central African Republic (CAR) and Venezuela to explore the possibilities of resumption of rough diamond exports from these countries. While the former visit took place in early March, the latter visit concluded last week. In a letter sent to all KP participants on April 14,

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Tanzania to Boost Polishing of Rough Gemstones

Dar-Es-Salaam: Tanzania Mineral Dealers Association (TAMIDA) said it is working together with ministry of energy and minerals to increase the country’s polishing capabilities as well as to bring the gemstone market back to Tanzania. The association’s Sammy Mollel said in remarks made at the 5th annual Arusha Gem Fair in Arusha, Tanzania that polishing local gems was important as it

Read More »

India’s U-Turn over Koh-i-Noor Claim

New Delhi: The Indian government says it is still seeking to reclaim the Koh-i-Noor diamond from Britain, despite telling India’s Supreme Court otherwise. The gem came into British hands in the 19th Century and is part of the Crown Jewels on show at the Tower of London. Ownership of the priceless gem is an emotional issue for many Indians, who

Read More »

CIBJO Releases 'CSR for the Jewellery Professional'

Milan: World Jewellery Confederation Education Foundation (WJCEF), the educational arm of CIBJO, has announced the launch of a six-lesson course on Corporate Social Responsibility (CSR) for jewellery, diamond, coloured gemstone, pearls, coral and precious metal professionals, in association with Branded Trust Education of Australia. The online course, called “CSR for the Jewellery Professional” was developed by a team of world-recognized

Read More »

KP Teams Visit CAR & Venezuela

Dubai: Over the last two months, teams from the Kimberley Process (KP) have visited the Central African Republic (CAR) and Venezuela to explore the possibilities of resumption of rough diamond exports from these countries. While the former visit took place in early March, the latter visit concluded last week. In a letter sent to all KP participants on April 14,

Read More »

Tanzania to Boost Polishing of Rough Gemstones

Dar-Es-Salaam: Tanzania Mineral Dealers Association (TAMIDA) said it is working together with ministry of energy and minerals to increase the country’s polishing capabilities as well as to bring the gemstone market back to Tanzania. The association’s Sammy Mollel said in remarks made at the 5th annual Arusha Gem Fair in Arusha, Tanzania that polishing local gems was important as it

Read More »

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