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Gold hits ten-day highs above $4,050

Gold climbs above $4,050 to a ten-day high as uncertainty over the prolonged US government shutdown, soft economic data, and a weaker dollar drive renewed safe-haven demand.

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Gold extended rebound in Asian trading on Monday, briefly crossing the $4,050 psychological mark to touch a ten-day high. The yellow metal’s momentum comes as traders await clarity on the resolution of the record US government shutdown, which has heightened concerns over the broader US economy.

While gold consolidates its recent gains, risk sentiment has seen a mild improvement amid optimism about the US government reopening and China’s move to temporarily suspend its export ban on certain dual-use materials, including gallium, germanium, and antimony.

However, investors remain cautious as the amended US spending package still requires approval from the House of Representatives before reaching President Donald Trump for signing — a process that could take several days. This uncertainty, coupled with persistent economic worries stemming from the prolonged shutdown, continues to lend support to gold as a traditional safe-haven asset.

A weakened US dollar and worries over a protracted US government shutdown continue to bolster the precious metal, increasing demand for safe-haven assets. Indeed, according to the Congressional Budget Office, which is impartial, the government shutdown could reduce GDP by 1 – 2% in the fourth quarter.

As U.S. data revealed a spike in October layoffs, traders also boosted their bets on a December rate decrease, they are now putting in a 67% possibility. The government and retail sectors experienced employment losses in October, and enterprises’ use of artificial intelligence and cost-cutting measures resulted in a spike in announced layoffs. According to private data released on Thursday, cost-cutting and the deployment of AI were the main causes of the US economy’s October job loss of 153,000, the most in 22 years.

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Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover

The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold

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Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.

The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.

The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.

Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.

Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.

With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.

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