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Search resuls for: "Jewellery"


11 mentions found


☆ Gold subdued as dollar ticks higher; investors eye Fed outlook
  + stars: | 2022-10-26 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices were flat on Wednesday on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on U.S. Federal Reserve 's policy tightening. Spot gold was flat at $1,653.06 per ounce, as of 0118 GMT, while U.S. gold futures were down 0.2% at $1,654.20. The Fed is widely expected to deliver a fourth straight supersized interest-rate hike when they meet in November. Top gold consumer, China's net gold imports via Hong Kong halved from the previous month in September, data showed on Tuesday. Spot silver fell 0.1% to $19.32 per ounce, platinum dipped 0.1% to $914.04 and palladium rose 0.9% to $1,940.55.
☆ Gold firms on softer dollar, investors await Fed cues
  + stars: | 2022-10-25 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices edged higher on Tuesday, propped up by a pullback in the dollar, while investors awaited further cues on the U.S. Federal Reserve 's interest rate-hike path. Spot gold rose 0.3% to $1,653.28 per ounce, as of 0059 GMT, while U.S. gold futures were up 0.2% at $1,657.70. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the zero-yield bullion, while boosting the dollar and bond yields. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose by 0.29 tons to 928.39 tons on Monday. Spot silver rose 0.4% to $19.33 per ounce, platinum was flat at $925.00 and palladium rose 0.7% to $1,982.33.
☆ Gold set for second weekly fall as Fed hawks lift Treasury yields
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: +1 min
Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Gold prices on Friday were set for a second weekly decline as U.S. Treasury yields held near multi-year highs following strong labor market data and hawkish comments from Federal Reserve officials, dampening the appeal for zero-yield bullion. The benchmark 10-year Treasury yields held near a fresh 14-year peak hit on Thursday while the dollar index ticked 0.1% higher. A separate data showed U.S. existing home sales dropped for an eighth straight month in September. Spot silver eased 0.2% to $18.63 per ounce, platinum fell 0.4% to $910.30 and palladium dropped 1.4% to $2,028.43.
☆ Gold steady as tepid U.S. dollar counters rate-hike woes
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices were steady on Tuesday as the dollar faltered, although risks from looming aggressive interest hikes by the U.S. Federal Reserve limited gains in zero-yielding bullion. The dollar index was flat in Asian hours, having fallen 1% overnight, while benchmark U.S. 10-year Treasury yields also eased. Gold is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding the non-yielding asset. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.22% to 939.10 tons on Monday. Spot silver rose 0.1% to $18.71 per ounce, platinum was 0.3% higher at $918.00 and palladium gained 0.4% to $2,008.97.
☆ Gold firms as dollar rally pauses; rate-hike woes cap gains
  + stars: | 2022-10-17 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices rose on Monday after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion, though looming U.S. rate hike restricted further gains. Spot gold rose 0.4% to $1,648.91 per ounce, as of 0405 GMT. The dollar index was flat, while the benchmark U.S. 10-year Treasury yields eased, moving away from the 14-year peak touched last week. A survey from the University of Michigan on Friday showed consumer sentiment improved further in October, but inflation expectations deteriorated a bit, keeping expectations of another 75-basis-point rate hike intact. Gold is highly sensitive to rising U.S. rates, which increases the opportunity cost of holding non-yielding gold.
☆ India festival spending booms despite inflation worries, global slowdown
  + stars: | 2022-10-14 | by ( Manoj Kumar | ) www.reuters.com   time to read: +7 min
The sales would include nearly $15.2 billion offline sales, compared to about $8.5 billion in 2019, according to the Confederation of All India Traders (CAIT). read moreBut economists said the sense in India was that inflation has peaked while economic activity was picking up. The bump in consumer demand is expected to support economic growth of around 6.5% in the fiscal year ending March 2023, the highest among the world's major economies. Credit demand increases Credit demand increasesThe retail boom is also a boon for the government - goods and services tax collections, a barometer of consumer demand, rose 26% year-on-year in September, data showed. "After two consecutive downbeat festive seasons, consumer sentiment and spending appear to have rebounded this year... which may boost economic growth in the current quarter, but may not sustain thereafter."
☆ Gold prices steady ahead of U.S. inflation data
  + stars: | 2022-10-13 | by ( ) www.cnbc.com   time to read: +1 min
Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Gold prices were steady on Thursday as market participants refrained from making big moves ahead of key U.S. inflation reading that could influence the size of the Federal Reserve 's next interest rate hike. Gold is considered as an inflation hedge, but rising interest rates reduce the appeal of bullion, which yields no interest. ECB President Christine Lagarde singled out interest rate hikes as the best tool to fight runaway inflation in the euro zone. The world's most important certifier of gold refineries said on Wednesday it wants to recognize firms that gather and refine gold dug up by small-scale miners in developing countries.
☆ Gold flat as firm dollar, U.S. rate-hike outlook dent appeal
  + stars: | 2022-10-11 | by ( ) www.cnbc.com   time to read: +1 min
Gold products are on display in front of a jewellery store at a shopping area in Elazig, Turkiye. Gold prices were flat on Tuesday, pinned near a one-week low hit in the previous session, as a firmer dollar and the prospect of further oversized rate hikes by the U.S. Federal Reserve sapped the zero-yielding asset's appeal. Spot gold was flat at $1,668.29 per ounce, as of 0143 GMT. While gold is considered a hedge against inflation and economic uncertainties, rising interest rates reduce appeal for the asset, which pays no interest. Spot silver fell 0.4% to $19.57 per ounce, platinum dipped 0.1% to $897.50 and palladium rose 0.2% to $2,176.00.
☆ Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown
  + stars: | 2022-09-28 | by ( Casey Hall | ) www.reuters.com   time to read: +4 min
"More and more people are now aware they can sell luxury goods for some money and the buyer side is noticing that they can get a great deal," said Zhu, 33. China's second-hand luxury market is tipped to grow to $30 billion in 2025 from $8 billion in 2020, consultancy iResearch said late last year. HANDBAGS, JEWELLERYOffice worker Wang Jianing is exploring buying second-hand luxury products, given the economic climate. China's luxury resale marketplace is expected by analysts to remain dominated by local players for now. Though handbags remain the top-selling category on luxury platforms like ZZER, Zhu said sales of watches and jewellery are also growing fast.
☆ Gold flat as firm dollar, U.S. rate hike dent appeal
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were flat on Friday as the dollar held close to its recent peak while the likelihood of more aggressive interest rate hikes by the U.S. Federal Reserve also weighed on the appeal for non-yielding bullion. Gold prices were flat on Friday as the dollar held close to its recent peak while the likelihood of more aggressive interest rate hikes by the U.S. Federal Reserve also weighed on the appeal for non-yielding bullion. Spot gold was flat at $1,671.60 per ounce by 0107 GMT. Gold prices have fallen nearly 20% since scaling above the key $2,000 per ounce mark in March. Spot silver was flat at $19.64 per ounce, platinum rose 0.3% to $903.22, while palladium dipped 0.2% to $2,165.10.
☆ Gucci surprises with twin-themed show at Milan Fashion Week
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Sept 23 (Reuters) - Fashionistas saw double at Gucci's Milan Fashion Week show on Friday, with the Italian luxury label surprising audiences by sending identically-dressed twins down the catwalk. Register now for FREE unlimited access to Reuters.com RegisterThe siblings held hands as they walked together in a striking finale. "It's exactly the impossibility of the perfectly identical that nourishes the magic of twins," Michele said. Milan Fashion Week runs until Monday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marie-Louise Gumuchian, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.
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