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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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GJC held a press conference to brief the salient features of the upcoming GJS B2B Show at Jio Convention Centre, Mumbai from 30th Sept to 3rd October 2023

27-09-2023   17:30 PM

GJC’s renowned India Gems and Jewellery Show caters to jewellers’ demands ahead of the upcoming festive season. GJS Conducted the media meet on 27th September 2023 at JIO Convention center, Mumbai. Strateg...

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Tanishq relaunched ts grand store in Bengaluru

27-09-2023   14:25 PM

Tanishq has expanded its retail footprint in Jayanagar, Bengaluru with the re-launch of its grand store today. The store was inaugurated by Bhaskar Bhat, Director, Tata Sons Private Limited and Ajoy Chawla, CE...

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The era of new age weddings modern jewellery for women and men by Harit Zaveri Jewellers

27-09-2023   14:20 PM

Ahmedabad-based Harit Zaveri Jewellers celebrate this “Era Of New Age Weddings”, that reflects evolving tastes and preferences of modern couples. With this collection, Harit Zaveri Jewellers have not only pres...

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Janhvi Kapoor inaugurates Kalyan Jewellers’ 3rd showroom Bhubaneswar

27-09-2023   14:15 PM

Kalyan Jewellers, launched its new showroom at Master Canteen in Bhubaneswar, Odisha. The showroom was inaugurated by Bollywood star Janhvi Kapoor in presence of Kalyan Jewellers’ CEO Sanjay Raghuraman. This i...

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Introducing 'Mirage': A Celestial Masterpiece by GLOW

27-09-2023   14:10 PM

GLOW by Kirtilals, a name synonymous with elegance and innovation in the Indian diamond jewellery landscape, is proud to announce the launch of its exquisite collection, 'Mirage.' This collection is a tribute...

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Tanishq opens door to its 5th store in Ahmedabad

27-09-2023   14:5 PM

Tanishq, has launched its brand new store in Ahmedabad, Gujarat. The brand new store was inaugurated by Garima Maheshwari, Head of Design, Tanishq and Vishal Vyas, Regional Business Manager, West, Titan Compan...

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