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As gold surges, some popular Canadian jewelry brands are increasing their prices
Some Canadian jewelry brands are raising their prices as a surge in demand for gold — incited by investors' fears of a shaky economic outlook — pushes the market for this precious metal to record highs. With confidence in the U.S. dollar eroding, and uncertainty weighing on the global economy, more investors are looking for a safe place to park their money. So they’ve been buying gold in droves, sending market prices soaring for jewelry makers who might then pass the extra cost to their customers. “There are certain products that we’ve already had to increase the pricing on,” said Melanie Auld, the ... (full story)
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