-
Record-high gold prices push jewelers to offer gilded veneer to prevent sticker shock
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)
- Comments / Top
- Subscribe
-
Related Stories
*WHITE HOUSE TO CLARIFY MISINFORMATION ON GOLD TARIFFS: OFFICIAL White House Official Says "Gold Order To Be Posted In Near Future
From home.saxo | Aug 8, 2025
Gold futures on the COMEX exchange in New York soared overnight relative to the London spot price after an article in the Financial Times suggested the US would nowcounter to expectationsapply tariffs on imports of 1 kg and 100 oz bars adding a fresh blow to Switzerland, the worlds largest refining hub. One-kilo bars are the most common form traded and ...
From finance.yahoo.com | Aug 9, 2025
Gold (GC=F) futures in New York retreated from record intra-day highs on Friday after the White House indicated it would clarify its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. The White House intends to issue an executive order in the near future clarifying misinformation about the ...