💨 Abstract

In May 2025, gold prices hit record highs due to global economic volatility and U.S. President Donald Trump's fluctuating tariff announcements, which sparked market instability and inflation fears. Los Angeles' St. Vincent Jewelry Center saw unprecedented customer activity with people selling old jewelry or purchasing gold as a stable asset. The center's 500 independent merchants reported an exceptional surge in business.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖