Alternative Investments

Gold breaks $4,000, local jewelers struggle with volatile market


PROVIDENCE − The price of gold had climbed to an all-time high of $4,381 per ounce when Gary Parseghian, an owner of La Salle Jewelers, climbed into bed on the night of Monday, Oct. 20.

The price fell sharply through the early slumber of the 74-year-old master jeweler.

By about 1:45 a.m. Tuesday, gold had pulled back to $4,115 per ounce, according to Reuters.



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