Jewelers see boom as gold prices break records

From scrippsnews.com

Despite fluctuations in the stock market, gold prices have reached record highs. On Wednesday, Bank of America significantly raised its gold price forecasts. In mid-March, gold price surpassed $3,000 per ounce for the first time in history, following substantial gains earlier in the year. Gold has traditionally been viewed as a stable asset. Once a currency before the dollar, gold is scarce and carries no credit risk, making it a reliable store of value during market fluctuations and rising inflation. This perception of gold's stability is echoed in the phrase "gold standard," which reflects its reliability and steady ... (full story)