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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
Gold Jewellery Demand +6% in Q3 2015: WGC
Mumbai: Demand for gold jewellery increased 6 percent in the third quarter of 2015 according to the World Gold Council’s (WGC) Gold Demand Trends report. Demand hit 632 tons compared to 594 tons in the third quarter of 2014. According to the WGC, consumers in India, China, the US and the Middle East took advantage of lower prices in July
Anglo American Makes Changes to Top Mgmt.
Gaborone: Anglo American has made a number of changes, effective January 1, 2016, to its top management to enable what it calls, “a dedicated focus on both the group’s marketing business and the evolution of the strategy.” Among the changes, Bruce Cleaver, De Beers’ executive head of Strategy and Corporate Affairs, has been appointed group director – Strategy and Business
Hong Kong Indian Diamond Association Formed
Hong Kong: Hong Kong-based Indian diamond companies formally launched the Hong Kong Indian Diamond Association (HKIDA) – an organization aimed at protecting and promoting the natural diamond trade – during an inauguration ceremony on November 5, reports JNA. Mr. Ramesh Virani, chairman of HKIDA, cited the support and commitment of the association’s 35 founding members, which include the largest Indian
De Beers' Nov Sight Slumps to Estimated $70M
Gaborone: De Beers recorded one of its smallest ever contract sales in November as last week’s sight closed with an estimated value of $70 million. The rough diamond supplier kept prices stable and enabled extra flexibility due to the slump in sightholder demand, reports Rapaport. “It was a small sight as we expected because of the Diwali holidays,” said David
Gold Jewellery Demand +6% in Q3 2015: WGC
Mumbai: Demand for gold jewellery increased 6 percent in the third quarter of 2015 according to the World Gold Council’s (WGC) Gold Demand Trends report. Demand hit 632 tons compared to 594 tons in the third quarter of 2014. According to the WGC, consumers in India, China, the US and the Middle East took advantage of lower prices in July
Anglo American Makes Changes to Top Mgmt.
Gaborone: Anglo American has made a number of changes, effective January 1, 2016, to its top management to enable what it calls, “a dedicated focus on both the group’s marketing business and the evolution of the strategy.” Among the changes, Bruce Cleaver, De Beers’ executive head of Strategy and Corporate Affairs, has been appointed group director – Strategy and Business
Hong Kong Indian Diamond Association Formed
Hong Kong: Hong Kong-based Indian diamond companies formally launched the Hong Kong Indian Diamond Association (HKIDA) – an organization aimed at protecting and promoting the natural diamond trade – during an inauguration ceremony on November 5, reports JNA. Mr. Ramesh Virani, chairman of HKIDA, cited the support and commitment of the association’s 35 founding members, which include the largest Indian
De Beers' Nov Sight Slumps to Estimated $70M
Gaborone: De Beers recorded one of its smallest ever contract sales in November as last week’s sight closed with an estimated value of $70 million. The rough diamond supplier kept prices stable and enabled extra flexibility due to the slump in sightholder demand, reports Rapaport. “It was a small sight as we expected because of the Diwali holidays,” said David
