Gold's Rally to Six-Year High Spurs People to Sell Their Old Tiffanys and Rolexes
- Empire Gold sees most business activity since 2011, CEO says
- ETFs lure $4.9 billion in June, buoyed by record SPDR inflow
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Fund managers aren’t the only ones feeling the tailwind from gold’s rally to a six-year high.
Empire Gold Buyers saw business activity climb to the highest since 2011, when the precious metal traded at a record, CEO Gene Furman said. At House of Kahn Estate Jewelers, trading of old jewelry is up by almost half since last week, when the Federal Reserve signaled its openness to cut interest rates, propelling bullion prices higher, the company’s president Tobina Kahn said.