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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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Tiffany & Co. Makes a Landmark Statement in Bangkok with First-Ever Thailand Building Wrap

The 1,598-sq.-Metre Installation Transforms Exchange Tower in Asok into a Giant Showcase for the Iconic Tiffany HardWear Collection

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Tiffany & Co. has made a striking statement in Thailand with the launch of its first-ever building wrap in the country, transforming the façade of Exchange Tower in Bangkok’s Asok district into a dramatic visual tribute to its iconic HardWear collection. The installation spans more than 1,598 square metres, turning one of the city’s prominent landmarks into a large-scale expression of the jewellery house’s design identity.

At the centre of the installation is the Tiffany HardWear Graduated Link Necklace in 18K Yellow Gold with Pavé Diamonds. The statement piece features the collection’s signature graduated links, crafted in 18K yellow gold and set with round brilliant-cut diamonds in a refined honeycomb setting designed to maximise light and brilliance.

The HardWear collection draws inspiration from a 1962 bracelet design discovered in Tiffany’s archives. The collection translates that archival influence into a contemporary design language associated with strength, resilience, boldness and empowerment, while retaining the House’s distinctive craftsmanship and heritage.

By presenting the necklace on an architectural scale, Tiffany & Co. has taken the idea of jewellery beyond the traditional boutique environment and into Bangkok’s urban landscape. The combination of gold, diamonds, scale and architectural visibility creates an immersive brand statement designed to capture attention across the busy Asok commercial district.

The landmark activation marks an important moment for Tiffany & Co. in the Thai market, demonstrating how the Maison is using large-scale creative experiences to bring its jewellery icons and heritage closer to a wider audience. The installation also reinforces HardWear as one of Tiffany’s contemporary design signatures, connecting archival heritage with modern luxury and visual storytelling.

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