Rush to trade gold for dollars sparks cash shortages in NYC's Diamond District: ‘This is a new experience'
1. Gold prices hit $3,500 per ounce, a record high. 2. Cash is in short supply at New York's Diamond District. 3. Customers are selling gold jewelry more than buying it. 4. Investors are looking for stable assets amid economic uncertainty. 5. High gold prices challenge traditional jewelers for selling finished goods.