Diamond News Archives
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Fed's Kashkari: I Do Not Wish To Prematurely Cut Off The Recovery.
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- Category: News Archives
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The Federal Reserve is growing “the slosh” again with its Temporary Open Market Operations (TOMO). The New York Fed conducts overnight reverse repo operations each day as a means to hel…
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Gold futures finished higher on Monday, extending their gains from last week. Gold prices were "treading water" and likely to continue to do so ahead of this week's U.S. jobs numbers, said Michael Hewson, chief market analyst at CMC Markets UK. “It seems fairly clear that [interest] rates aren’t likely to go higher in response to higher prices,...
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Most headlines about the Fed’s open market committee (FOMC) announcement focused on the potential change in interest rates. What went largely ignored was that it will continue to purchase $120 billion in bonds every month.
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(IDEX Online) - Angola's national diamond company raised over $56.6m in its third and largest rough auction.
Fifty companies from the world's main diamond markets bid online for special stones from the Uari, Lulo and Catoca mines, as well as run-of-mine goods from the Luele kimberlite production in the Luaxe region.
Sodiam, the Luanda-based company that has been marketing Angola's diamonds since 1999, said bidding closed on 23 June.
Angola is the world's sixth biggest diamond producer, but has has only explored 40 per cent of its diamond-rich territory.
In 2018 it introduced trading reforms that allowed 120 companies to buy stock previously available to just eight "preferential customers".
Pic of rough diamonds courtesy Sodiam...