International News
Gold surges on U.S. govt shutdown fears, dollar weakness
Gold hits record high above $3,875/oz as futures surge to $3,887.40
Gold is currently , shattering its all-time price records. The precious metal is proving its mettle, hitting an unprecedented peak of $3,875.32 per ounce before settling slightly to $3,860.13. December U.S. gold futures also followed suit, jumping 0.4% to trade at $3,887.40.
What’s fueling this spectacular climb? A potent cocktail of political jitters and economic anticipation.
- Safety First: The immediate spark was the official U.S. government shutdown. With deep political divides paralyzing Washington and thousands of federal jobs on the line, investors are flocking to gold as a traditional “safe-haven asset”—a reliable store of value when stability is in doubt. Nicholas Frappell, global head of institutional markets at ABC Refinery, pointed squarely to the government standoff and general geopolitical uncertainty as major drivers.
- Dollar Weakness: Compounding the effect, the U.S. dollar index ($DXY) tumbled to its lowest level in over a week. A weaker dollar makes gold, which is priced in the greenback, cheaper and more attractive for international buyers, further boosting demand.
- Rate Cut Hopes: Beyond the politics, soft recent labour data has solidified expectations that the Federal Reserve will soon begin cutting interest rates. Lower rates generally diminish the appeal of interest-bearing assets, making non-yielding assets like gold shine brighter.
For those wondering if the rally has legs, the consensus is yes. Analysts remain decisively bullish on gold’s prospects. Frappell sees the upside targets pointing toward the $3,900 threshold and potentially soaring as high as $4,000 per ounce. The confluence of a weaker dollar, ongoing U.S. political instability, and global uncertainty provides a strong foundation for gold to maintain its record-breaking momentum.
International News
Sotheby’s Breuer Opening Auction Achieves Nearly $14 Million With Exceptional Heritage Jewels
The luxury house expands its creative partnership with the K-pop icon, introducing limited-edition pieces that fuse high jewellery craftsmanship with global pop-culture appeal.
The inaugural jewelry sale at Sotheby’s new Breuer building location showcases rare masterpieces from Boucheron, Belperron, JAR, Cartier and more—setting strong results across top lots.
Sotheby’s marked the debut of its New York Breuer building with an elegant inaugural jewelry sale titled A Legacy of Elegance: Jewels from an Exceptional Collection. The auction presented 56 curated lots from some of the most influential designers in jewelry history and closed with an impressive total approaching$14 million.
The top performer of the evening was a magnificent Boucheron laurel wreath necklace dating back to around 1888. Set with seven cushion-cut Burmese and Thai rubies and a mix of old mine-, old European-, and single-cut diamonds, the historic piece sold for $1.3 million, landing comfortably within its presale estimate.
The auction featured standout creations by celebrated names including Suzanne Belperron, JAR, René Boivin and Cartier—many of which surpassed expectations. Below are the remaining highlights from the top 10 results:

Reversible Pendant/Brooch: A vibrant multi-gem piece featuring pink topazes, rubies, diamonds, amethysts, sapphires, tourmalines and demantoid garnets sold for just over $1 million, more than doubling its $500,000 high estimate.

Diamond Earrings: A pair showcasing two pear-shaped diamonds — a 12.24-carat F/VVS2 and an 11.68-carat D/VS2 — realized $889,000.

Suzanne Belperron, 1966 Bib Necklace: Featuring topazes, morganites, aquamarines and diamonds, this statement creation brought in $825,500, exceeding its $350,000 top estimate.

JAR Quatrefoil Earrings: Pavé-set with rubies and diamonds, the pair sold for $698,500, above the $600,000 estimate.

JAR Rock Crystal & Sapphire Butterfly Brooch (circa 1987): Achieved $698,500, surpassing its $500,000 expected high.

Suzanne Belperron, 1954 Necklace: A cabochon sapphire and diamond bib-style piece that doubled its estimate, selling for $635,000.

JAR Wild Rose Brooch: Featuring a grey natural pearl framed by amethyst and sapphire petals, the brooch brought in $609,600, beating its $400,000 estimate.

Cartier 1930s Ruby & Diamond Bracelet: The invisibly-set classic reached $558,800, just over its high estimate.

JAR Frost-Inspired Earrings: Diamond-set branches radiating from pear-shaped center stones sold for $508,000, slightly above expectations.
The successful debut signals strong collector appetite for rare, historically significant jewels and reinforces Sotheby’s positioning at the forefront of high jewelry auctions.
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