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Gold continues Fed enhanced Rally

21-03-2017   15:20 PM

AOJ E-NEWS: For the fourth consecutive day, gold prices have closed higher, now trading to a 2 ½ week high. Gold futures today rose roughly 3 dollars to close at $1233 per ounce. This a continuation of the dramatic rise in gold prices witnessed on Wednesday of last week, immediately following the conclusion of this month’s FOMC meeting. For the most part, last week’s dramatic rise in gold prices contained a significant percentage of dollar weakness.

US dollar weakness surface last week as market participants viewed the current stance of the Federal Reserve as much more dovish than anticipated. Inasmuch as an interest rate hike was factored into current pricing, traders and investors wondered what the tone and outlook would be for the Federal Reserve moving forward.

Statements made by Janet Yellen after the conference underlined the fact that the Federal Reserve’s monetary policy will remain, “accommodative”. This statement put market participants at ease about a potentially aggressive posture by the Federal Reserve.

Courtesy: Kitco

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Nizamabad gets GRT Jewellers’  golden touch

02-06-2023   12:30 PM

GRT Jewellers opens doors to its 58th grand and large at Nizamabad. After creating millions of golden moments in the life of its customers for 60 years, Built on the values of trust and purity, GRT continues i...

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ORRA Fine Jewellery expands Astra Collection with new additions

02-06-2023   12:25 PM

ORRA Fine Jewellery, is proud to present its latest additions to Astra collection of breath-taking diamond jewellery. Designed with elegance and craftsmanship, these new additions epitomize the brand's commitm...

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GSI Expands its Presence in India, Opens a New Laboratory in Bengaluru

31-05-2023   10:25 AM

Gemological Science International (GSI), one of the leading gemological laboratories worldwide, is pleased to announce the commencement of its latest laboratory in Bengaluru, India. South India is a signif...

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Tata Group arm Tanishq’s rarest jewels light up Dubai

31-05-2023   10:20 AM

The company said this was the first time these extraordinary pieces were displayed anywhere in the world An exhibition of some of the rarest diamond jewellery and precious gemstones in the world was unveile...

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Senco becomes first qualified jeweller from East India to import gold on India International Bullion Exchange

31-05-2023   10:15 AM

Senco Gold & Diamonds on Tuesday announced that it has become the first qualified jeweller from East India to import gold on India International Bullion Exchange (IIBX) post ICEGATE integration. Senco Gold...

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Malabar Gold and Diamonds on a spree of Initiatives and Launches this Q1FY24 Becomes first jewellery group in India to obtain TRQ

31-05-2023   10:10 AM

Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country, became the first jewellery group in India to obtain a TRQ (Tariff Rate Quota) license from the Director General of F...

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