Understanding gold’s volatility

The jewellery industry’s prosperity is inextricable from the price of precious metals - at least in the products with a good margin. But being a hostage to the eddies and flows of international commerce makes things at times extremely precarious. So what exactly causes the turbulence?

As any company reliant on a handful of large customers knows well, exposure can kill. Having a large contract pulled after investing in people or kit is a painful – and sometimes catastrophic – bump in the road.

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