AP PHOTOS: Economic jitters and soaring gold prices create a frenzy for US jewelry merchants
- Posted on May 12, 2025
- By Yahoo News
- 3 Views
AP PHOTOS: Economic jitters and soaring gold prices create a frenzy for US jewelry merchants
As gold prices soar to record highs resulting from global economic jitters, hundreds of thousands of U.S. dollars’ worth of gold are circulating through the doors of the St. Vincent Jewelry Center in downtown Los Angeles on any given day. Many of the 500 independent merchants in the largest jewelry center in the United States say they have never seen such a surge in customers. Gold’s current rally comes as President Donald Trump issues ever-changing announcements of tariffs, roiling financial markets into volatility and threatening to reignite inflation.