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
Dolce & Gabbana Unveils Alta Gioielleria Taormina Collection Inspired By Sicily’s Timeless Heritage
The Latest High Jewellery Collection Celebrates Sicily’s Vibrant Landscapes, Sacred Traditions, and Exceptional Craftsmanship Through Handcrafted Masterpieces Adorned With Intricate Goldwork and Precious Gemstones.
Dolce & Gabbana has unveiled its Alta Gioielleria Taormina Collection, a spectacular tribute to Sicily’s rich heritage, drawing inspiration from the island’s vibrant landscapes, sacred traditions, and artistic legacy.
Each masterpiece in the collection is meticulously handcrafted, showcasing intricate goldwork, hand-painted details, and precious gemstones that reflect the beauty and cultural richness of Sicily. The designs embody the Maison’s commitment to Italian craftsmanship, combining traditional artistry with contemporary luxury.
More than a high jewellery collection, the Alta Gioielleria Taormina Collection celebrates Italian culture, timeless elegance, and the enduring spirit of luxury craftsmanship, reinforcing Dolce&Gabbana’s legacy of creating extraordinary jewellery inspired by art, history, and heritage.
Collection Highlight:
- San Domenico Setting: Displayed within the ancient cloisters and halls of San Domenico.
- Artisan Roses: Features hand-sculpted and enamelled gold roses enclosed in unique settings.
- Sacred Motifs: Includes parures that pay direct tribute to the artistic veneration of the Madonna.
- Couture Context: Debuted alongside the Alta Moda presentation at Radicepura and the Alta Sartoria show at the ancient Teatro Antico.
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