The news is reporting that unemployment is down 5.4% and the ADP employment numbers and ten year returns are up. Consequently, we watched gold drop $40 and that seems like a lot. Does that mean this is no longer a good time to sell your gold?
Don't get me wrong, $40 is a good chunk of change; but with gold being over $1800, that's only a little more than a 2% drop. Until Covid, gold reached its all time high at about $1900/toz. Today's price is only 7% lower than that. Moreover, in 1999, gold was only $300 an ounce, so if you've had your jewelry since then, you're looking at a 83% increase even at today's price of "only" $1764/toz.
So don't let the media keep scaring you about the price of gold. It's still a great time to sell old, unwanted or broken jewelry.