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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

Natalie Portman  is Tiffany & Co’s  newest Global House Ambassador

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In a move that feels both effortlessly classic and excitingly modern, Tiffany & Co. has officially welcomed Natalie Portman as its newest Global House Ambassador. Announced on March 13, 2026, this partnership marks a sophisticated new chapter for the legendary jeweler, blending Portman’s intellectual grace with Tiffany’s storied legacy. The Academy Award-winning actress, producer and director joins the likes of Anya Taylor-Joy, Greta Lee, Mikey Madison and more as a Tiffany & Co. global brand ambassador.

“It is an honor to be Tiffany & Co.’s newest global House ambassador. The House has an incredibly rich heritage and is beloved for its unparalleled craftsmanship and creative excellence. I am excited to be a part of the Tiffany & Co. legacy,” said Natalie Portman on her appointmen.

“Natalie’s sophistication, authenticity and intelligence resonate deeply with Tiffany & Co.’s values. We are honored to welcome her to the Tiffany & Co. family as we continue to shape the future of luxury through powerful storytelling. She embodies the modern Tiffany woman through her elegance and courageousness”,  said  Anthony Ledru, President and CEO-Tiffany & Co.

The debut campaign, captured by photographer and director Gordon von Steiner, finds Portman in her element at The Landmark—Tiffany’s iconic New York City flagship. The imagery isn’t just about the sparkle; it’s about the synergy between a woman known for her thoughtful storytelling and a House that has spent nearly two centuries defining “creative excellence.”

Portman is showcased in pieces from the HardWear and Knot collections, proving that she can pivot from edgy industrial chic to intricate, symbolic elegance with ease.

If the portraits weren’t enough to pique your interest, the collaboration is heading to the silver screen almost immediately. A new campaign film starring Portman premiered during the 98th Academy Awards on  March 15, 2026.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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