NYC Jewelers Are Rushing to Cash In on Gold’s Rally
Bloomberg Television·2025-10-10 17:54
Gold prices are soaring and this is being felt in Manhattan's Diamond District. >> Bullion has now jumped more than 50% this year in the face of rising trade and geopolitical uncertainty. >> Gold is trading above $4,000 an ounce for the first time ever.So investors are now taking the opportunity to sell everything from family heirlooms to jewelry for cash. But shop owners like Albert are saying many speculators are holding. I do see uh consumers hedging at the moment but you know again I see both sides peop ...