Pawn shops overwhelmed with gold sellers as prices soar past $2,400
As gold prices soar past $2,400 an ounce, the frenzy hits Brooklyn's King Gold & Pawn, where customers, driven by financial woes or simply seizing the opportunity, flood in to sell their treasures. Amidst global tensions and economic uncertainties, the precious metal's allure as a safe haven intensifies. Yet, as experts debate its meteoric rise, individuals like Branden Sabino and Mirsa Vijil find themselves drawn by immediate needs, turning heirlooms into cash in hand.
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By Yvonne Yue Li, Jack Ryan and Sybilla Gross
Investors and metals traders can't agree on what exactly is behind gold's recent rally. At King Gold & Pawn in Brooklyn, the customers don't care. They just want to sell.
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