Gold prices keep rising, and jewelry companies are sounding the alarm | Metals Mine

  • Gold prices keep rising, and jewelry companies are sounding the alarm

    From cnbc.com

    Amid global economic turbulence, the prices of precious metals have been climbing higher and higher. The price of gold in particular has skyrocketed over the past year, rising more than 50%. For midsize jewelry companies aiming to offer fine gold necklaces, earrings and more at lower price points than legacy luxury jewelry brands, gold futures could be spelling trouble. Though gold is often subject to market fluctuations, investors have been increasing their holdings over the past year over recession fears and market uncertainty, according to Goldman Sachs. Gold is on pace for its third straight year of double-digit ... (full story)

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