Record-high gold prices push jewelers to offer gilded veneer to prevent sticker shock | Metals Mine

  • Record-high gold prices push jewelers to offer gilded veneer to prevent sticker shock

    From nypost.com

    Jewelers have increasingly been pushing items that aren’t entirely made of gold to prevent sticker shock as the precious metal hovers near record highs, The Post has learned. Gold prices reached an all-time record $3,500 per troy ounce in April and then see-sawed between $3,000 and $3,200 in response to the uncertainty over tariffs. They popped again on Friday to about $3,400 amid uncertainty over whether country-specific import tariffs would apply to the most commonly traded sizes of gold bars. Jewelers have been caught in the middle, trying not to alienate shoppers by raising prices while also watching their own ... (full story)

Comment Options
  • Story Stats

  • Related Stories