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
VICENZAORO Rewards Excellence:The VO Awards Will Be Back For The Second Edition
Entries Open Until 30 November For ICON, LOOK and CREATION Exhibitors. The Awards Ceremony Will Take Place At VOJ27.The Finalist Creations, Selected By A Jury Of Experts, Will Be On Display At VOJ27; The Media, Exhibitors and Buyers Will Also Cast Votes For The Winners.
– Vicenzaoro’s official VO Awards will be back for their second edition to celebrate the craftsmanship, manufacturing expertise, drive for innovation and commitment to sustainability of exhibitors at Italian Exhibition Group’s international event, a leading reference for the gold, jewellery and watchmaking sector for over 70 years.
Entries are already open. Bands from the ICON, LOOK and CREATION communities can place their entries up until 30th November by completing the relevant product form and submitting the required materials. The winners will be announced during the awards ceremony on the evening of Sunday 17th January at Vicenzaoro January (15–19 January 2027).
The VO Awards were established with the aim of giving Vicenzaoro exhibitors an exclusive platform at the January edition, the first event on the industry’s global calendar, on which to display their creations: jewellery that embodies excellence and points the way forward for the industry and the market, a factor that sets the offer and spirit of this international benchmark jewellery show apart.
Matteo Farsura said:
“As part of the Vicenzaoro ecosystem the VO Awards enhance manufacturing excellence, the care taken in selecting materials, the capacity for innovation and a sustainable approach. An original initiative designed to strengthen our community and consolidate the trade show’s role as a hub where tradition, innovation, craftsmanship, talent, art and industry converge, creating value through relationships across the entire supply chain.”
THE VO AWARDS CATEGORIES
Ten competition categories represent the various aspects of gold, jewellery and silver manufacturing, in keeping with the Vicenzaoro – The Jewellery Boutique Show format, which divides the exhibition offer into thematic communities based on brand identity, positioning and communication style.
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