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
CONVERGENCES: The New Geography Of Jewelry and Adornment At Wynn Las Vegas
Event Explores A Pivotal Cultural Shift: A Return To Intentional Spending Where Substance, Credibility, and Long-Term Relevance Dictate Consumer Choices
As global economic pressures, surging gold prices, and shifting consumer priorities redefine the luxury landscape, industry trailblazers will gather for CONVERGENCES: The New Geography of Jewelry and Adornment. This highly anticipated panel discussion will take place on Friday, May 29, 2026, at 8:30 AM in the Convention Center Lounge at the Wynn Las Vegas.
Presented by Paola De Luca, Co-Founder & Creative Director of Trendvision J+F, the event explores a pivotal cultural shift: a return to intentional spending where substance, credibility, and long-term relevance dictate consumer choices. In this new era, gold and precious materials are transcending their traditional roles, regaining strategic importance as both deeply rooted symbols of heritage and vital, tangible assets.
To dissect this changing landscape, De Luca will host an dynamic, multi-disciplinary conversation featuring a panel of esteemed international industry experts:
- Archana Thani – Celebrated Jewellery Consultant & Curator
- Castro Smith – Renowned Hand Engraver and Jeweller
- Emily Wansbrough – Buying Manager for Fine Jewelry & Watches at MyTheresa
Together, the panelists will bridge the worlds of curation, master craftsmanship, and global luxury retail to map out the new geography of adornment. Attendees can expect deep insights into emerging consumer behaviors, the economic resilience of precious materials, and the future of design.
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