International News
Gold Prices Could Surge by 16% in Next 18 Months, Reaching $3,500 per Ounce: BofA
BofA Global Research Report Highlights Key Factors Driving Potential Price Surge, Including Increased Investment Demand and Central Bank Purchases
Gold prices could rise by over 16% in the next 18 months, potentially reaching $3,500 per ounce, according to a report from BofA Global Research. The report indicates that a 10% increase in non-commercial purchases could push prices to new heights. Even a modest 1% increase in investment demand could elevate gold prices to an average of $3,000 per ounce in 2025.
Several factors could contribute to this surge, including a rise in investment demand, particularly from China’s insurance industry, which can allocate up to 1% of its assets in gold. This move could account for nearly 6% of the total annual gold market. Additionally, central banks around the world, which currently hold about 10% of their reserves in gold, may increase their holdings to over 30% to enhance the efficiency of their portfolios. Such a shift could significantly increase global gold demand.
The report also points to the growing role of retail investors, with assets in physically backed gold ETFs rising by 4% year-on-year across key global markets, including the Americas, Europe, and Asia. Economic uncertainties and market volatility are driving more individual investors to seek exposure to gold.
Other factors, such as uncertainty surrounding U.S. trade policies and concerns over America’s fiscal and trade deficits, could weaken the U.S. dollar, further propelling gold prices in the near term. As investment demand continues to rise, the BofA report suggests that gold prices may remain strong in the coming months.
International News
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
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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