DETROIT (WXYZ) — The price of gold has never been higher.
At over $3,000 per ounce, experts say it’s up 18% since January. In the last year, the price of gold rose over 30%, and in the last three years, it’s up over 50%.
But what does this mean for jewelers and consumers across Michigan?
7 News Detroit stopped by a pawn shop and a jewelry store, and spoke to a financial advisor to better understand what this means for shoppers…