International News
Gold sees significant decline on global trade tensions, recession fears
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.
International News
Qatar launches Qatar Diamond Exchange
The New Exchange Combines Trading, Certification, Vaulting and Customs In One Regulated Ecosystem, Aiming To Attract International Diamond Businesses To Doha.
Qatar has launched the Qatar Diamond Exchange (QDE), a new marketplace for rough and polished diamonds designed to connect Doha with international trading networks.
The new exchange combines trading, certification, vaulting and customs in one regulated ecosystem, aiming to attract international diamond businesses to Doha.
Developed by the Qatar Free Zones Authority (QFZ), the QDE brings together trading, membership, vaulting, certification, customs and industry services within a single regulated ecosystem. The exchange is designed to connect Doha with international diamond markets while supporting Qatar National Vision 2030 and the country’s broader economic diversification strategy.
Membership is open to diamond traders, manufacturers, cutters, polishers, affiliated service providers and industry bodies. Members receive access to trading licences, independent valuation and assortment services, secure vaulting, specialist insurance, and free-zone incentives including 100% foreign ownership and 0% corporate tax for qualifying businesses.
Looking ahead, the exchange plans to host a calendar of rough and polished diamond tenders that will connect producers across Africa and Asia with buyers in Europe and the Gulf. By combining international regulatory standards with purpose-built infrastructure and investor-friendly policies, Qatar aims to establish Doha as a trusted gateway for the global diamond trade.
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