Reported 4 months ago
As economic uncertainty continues and gold prices reach record highs, US jewelry merchants, particularly in Los Angeles, are witnessing an influx of customers eager to sell or melt their old gold jewelry for quick cash. Many are even bringing in family heirlooms, with some jewelers choosing to preserve the artistic and historical value of these items rather than melting them. While this market boom benefits many, some jewelers sourcing internationally are struggling with profit margins due to tariffs and high prices. Experts predict that prices may continue to rise as gold remains a safer investment amid fluctuating financial markets.
Source: YAHOO