EAST HAVEN, Conn. (WFSB) - While there’s uncertainty over the government shutdown and the looming impact on the economy, the price of gold is surging.
While some are selling, others are buying with the idea that gold is a safe bet.
Donna Juliano from Superior Exchange Gold Buyers in New Haven says gold is always a popular item, but lately, the rush is on.
“It’s been busier than normal,” Juliano said. “A lot of people, I noticed, are bringing in broken jewelry, scrap jewelry. A lot of people have been holding onto it over the years, bringing it in because now is a good time to cash in.”
At more than $3,800 per ounce for 24K pure gold, the price of gold is now at an all time high.
“One year ago, gold price was 45% lower than what it is now, and just in this year, it’s increased by 30