The Brief
- Gold hit a record $4,000/oz., and it keeps climbing. Silver is also breaking records.
- Tampa Bay area jewelers are seeing a rush of people cashing jewelry and coins.
- Jewelers caution that the spike is not usually a good sign for the economy.
LARGO, Fla. – The price of gold has smashed through $4,000 an ounce for the first time on record, with silver racing toward $50/oz. amid safe-haven buying and policy shifts that favor industrial metals.
Analysts point to global economic uncertainty, central-bank demand and renewed retail interest as key drivers.
By the numbers:…