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Gold sees significant decline on global trade tensions, recession fears

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Spot gold experienced a significant decline on Monday, April 7, 2025, dropping 0.3% to $3,027.90 per ounce after hitting a 3.5-week low earlier in the session. This unusual behavior for gold, traditionally a safe-haven asset, prompted market speculation that investors are selling bullion to realize profits or cover margin calls on other investments. The sell-off is attributed to escalating global trade tensions and the resulting fears of a potential global recession.

Adding to the bearish sentiment, Morningstar’s John Mills foresees gold prices plummeting to $1,820 per ounce—a 38% decline—driven by easing inflation and potential trade normalization. Mehta Equities’ Rahul Kalantri attributes recent volatility to factors like a weak US jobs report and dovish Fed signals, projecting key trading ranges for gold.  

Gold prices face a potential 38% decline, according to Morningstar’s John Mills, who forecasts a drop to $1,820 per ounce due to shifting market dynamics. Meanwhile, Mehta Equities’ Rahul Kalantri warns of persistent extreme volatility, outlining specific support and resistance levels in both USD and INR, and attributing the recent swings to various economic indicators.  

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International News

Pandora’s Canada Move Dodges US Tariffs

Fast Shipping, Rock-Solid Reliability, and Top-Tier Customer Service

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Pandora’s betting big on Canada with a shiny new distribution hub in Mississauga, Ontario—designed to slash delivery lags and sidestep those pesky US tariffs. It’s a game-changer for the Canadian ops: lightning-fast shipping, rock-solid reliability, and top-tier customer service.

Pandora, which locates its jewelry manufacturing in Thailand, where it operates two factories, has been affected by the tariff policies imposed by U.S. President Donald Trump in recent months. With the new distribution plant, the company expects to reduce its costs by up to 1.5 percentage points in the current fiscal year.

This powerhouse site cranks out up to 12,500 online orders daily, per Pandora’s announcement. Canada’s a rocket for the Danish jewelry giant: sales rocketed over 50% since 2019, topping DKK 1 billion ($153.9M) last year alone. Pandora’s got 96 stores dotting the Canadian landscape.

Previously, 20%+ of those digital Canadian buys shipped from US centers—hello, tariffs and delays. Now? Processing shifts north, trimming delivery times by 50% and nixing border duties entirely.

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