Sky-high values see customers rushing to sell and pawn gold

Photographer: Chalinee Thirasupa/Bloomberg

NEW YORK: 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.

For some, sky-high values simply mean it’s a good time to cash in. It’s hard to ignore record prices that climbed above US$2,400 an ounce last week.