News Archives

: Category: News Archives; Created: 19 May 2020; Hits: 550

Powell's prepared remarks ahead of his virtual hearing before the Senate Banking Committee were more of the same, with Powell vowing to "to maintain near-zero rates until the economy has weathered the crisis" and repeating the "Fed will use full range of tools to support the economy."

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: Category: News Archives; Created: 19 May 2020; Hits: 503

May 19, 20 by John Jeffay

(IDEX Online) - The GIA has reopened its labs in Antwerp, Carlsbad, Gaborone, Johannesburg and Tokyo as lockdown restrictions are eased.

Opening hours are limited and restrictions on face-to-face contact mean some centers will only accept diamonds by transport or by prior appointment.

The Gemological Institute of America labs in Bangkok, Hong Kong and Ramat Gan remain open.

London, Mumbai, New Delhi and Surat are still closed.

Visitors to the Johannesburg and Antwerp labs must make an appointment. Tokyo and Carlsbad will only accept and return items by transport.

"Our first priority is to protect the health and safety of all staff, clients and visitors," said Tom Moses, GIA executive vice president and chief research and laboratory officer.

"As we work to meet our clients' needs whenever and wherever possible, we are planning for the safe opening of all other GIA locations as soon as conditions and government authorities permit." ...

Read more from our friends at IDEX

: Category: News Archives; Created: 18 May 2020; Hits: 497

A week that was decidedly risk off, with the prior week’s gains erased after multiple poor economic numbers hit the tape. Not to mention, escalating tensions with the U.S. and China after Federal Reserve Chairman Jerome Powell voiced the need for much more stimulus to prevent a depression.

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: Category: News Archives; Created: 18 May 2020; Hits: 537

Retirees who rely on Social Security may feel their monthly checks aren't stretching as far as they used to. And they're not wrong. Benefits have lost 30% of their buying power since 2000.

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: Category: News Archives; Created: 18 May 2020; Hits: 526

Fueled by unprecedented quantitative easing, central bank asset purchases, and various stimulus packages, the money supply growth rate ballooned in April to an all-time high. The growth rate has never been higher, with the 1970s as the only period that comes close.

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Diamond News Archives

Watch Live: Powell/Mnuchin Explain To Senate How & Why They Blew Trillions On Bailouts

GIA Reopens Five Labs as Lockdowns Ease

Gold Continues To Outperform S&P 500: Forbes

Costs Have Skyrocketed. Here’s Why Social Security Benefits Aren’t Keeping Up

Money Supply Growth in April Ballooned to a New High