International News
Gold continues upward march;Bank of America forecasts $5,000/oz for 2026
Gold prices in India saw a modest rise on Wednesday today Oct 15, mirroring an uptick in international markets as renewed US-China trade tensions and expectations of further US interest rate cuts bolstered demand for safe-haven assets.24k gold traded at Rs.1,28,360/10gm after gaining ₹10 in early trade, while silver prices increased by Rs.100 to Rs.1,89,100 per kilogram.
Gold prices surged to a record high of $4,179.48 per ounce on October 14, 2025. Investors flocked to safe-haven metals amid trade tensions and Fed rate-cut expectations. U.S. December gold futures jumped 57% year-to-date. Bank of America raised its 2026 gold forecast to $5,000 per ounce, warning of possible near-term corrections.
Gold prices soared to an unprecedented $4,179.48 per ounce on October 14, 2025, marking a historic milestone for the yellow metal. The rally comes as investors worldwide seek safety in hard assets amid a turbulent global economic backdrop marked by escalating trade tensions, slowing growth, and expectations of further interest rate cuts by the U.S. Federal Reserve.
The sharp surge in bullion prices has been driven by a combination of macroeconomic uncertainty and aggressive monetary easing. As inflation pressures remain sticky and central banks pivot toward dovish policies, gold has reasserted its role as a hedge against both currency debasement and market volatility.
In futures trading, U.S. December gold contracts have skyrocketed nearly 57% so far this year, underscoring the strength of investor demand across both institutional and retail segments. Analysts note that central bank buying—particularly from emerging markets—has added further momentum to the rally, with several countries diversifying reserves away from the U.S. dollar.
Reflecting this bullish sentiment, Bank of America has raised its 2026 gold price forecast to $5,000 per ounce, citing continued monetary easing, geopolitical instability, and robust central bank accumulation. However, the bank also cautioned that short-term corrections are likely, given the rapid pace of the recent run-up and potential bouts of profit-taking.
Overall, gold’s meteoric rise underscores a broader shift toward safe-haven assets, as investors navigate a world increasingly defined by economic fragmentation, shifting interest rate cycles, and persistent geopolitical risks.
International News
$40+ million: Sky is the limit for Fabergé at auction
A Fabergé egg, carved from rock crystal more than 100 years ago, is expected to command a remarkable return when it heads to auction in December.
The Winter Egg is studded with 1,660 diamonds and was a gift from Nicholas II, the last Emperor of Russia, to his mother, Dowager Empress Maria Feodorovna. The piece was crafted by Alma Theresia Pihl, one of only two female designers at Fabergé, and includes platinum, double-handled trelliswork basket set with carved quartz flowers and rose-cut diamonds
The Winter Egg will head to Christie’s auction house in London on 2 December and is expected to sell for more than £20 million ($AUD40.93 million). This piece has already set the world record for the sale of a Fabergé egg at auction on two occasions – returning $AUD13.95 million at Christie’s in Geneva in 1994 and $AUD14.72 million at Christie’s in New York in 2002.
“The highly important Winter Egg has twice set the world record for a work by Fabergé and represents a once-in-a-lifetime opportunity to acquire a masterpiece of such calibre,” Christie’s explained.
“It is among the most lavish of Fabergé’s Imperial creations and is widely regarded as one of the most original and artistically inventive Easter eggs the house produced for the Imperial family.
“The sale will also feature just under 50 exceptional works by Fabergé, including hardstone figures, animals, objects de vertu and furniture, offering collectors a rare opportunity to acquire masterpieces from this extraordinary collection.”
A total of 50 Imperial Easter Eggs were produced by Fabergé between 1885 and 1916. Of those, 43 eggs are still believed to exist and are located in museums around the world. It’s believed that seven, including the Winter Egg, are privately owned.
Fabergé was founded in 1842 and, earlier this year, was sold to a technology investor as part of a $AUD76.2 million deal.
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