By  on June 7, 2010

The gold rush is becoming a problem.

The jewelry and watch categories are feeling pressure because global economic and political turbulence has pushed the price of the precious metal about 13 percent higher in the last six months as financial investors seek a safe haven from seesawing currencies. The precious metal is selling for more than $1,200 an ounce — peaking just shy of $1,250 last month — compared with an average of $928.64 in May 2009 and $421.87 in May 2005.

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