US jewelry stores see a gold rush as people sell or buy gold due to economic uncertainty and high gold prices.

Economic jitters and soaring gold prices are boosting business for US jewelry merchants, especially in Los Angeles' St. Vincent Jewelry Center. Customers are selling or melting old jewelry for quick cash or buying gold as a safer investment. However, the high gold prices and added tariffs are squeezing profit margins for jewelers who source from abroad. Some experts predict gold prices could reach $4,000 to $5,000 by year-end.