Gold prices keep dropping

Gold prices keep dropping

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  • Police identify body found under porch of West Knoxville home

    Police identify body found under porch of West Knoxville home

    Police identify body found under porch of West Knoxville home

    KNOXVILLE (WATE) - Police have identified the human remains found under a West Knoxville home.The Knoxville Police Department responded around 7:20 p.m.Wednesday to a house located on the 700 block of Forest View Road after a homeowner reported a foul odor.KPD has identified the body as that of 29-year-old Joshua Wayne Grubb.Grubb is listed as being homeless.Officialsbelieve hisremains had been under the porch for at least two weeks. His death isbelieved to havebeen due to natural causes.Afin...More >>
    KNOXVILLE (WATE) - Police have identified the human remains found under a West Knoxville home.The Knoxville Police Department responded around 7:20 p.m.Wednesday to a house located on the 700 block of Forest View Road after a homeowner reported a foul odor.KPD has identified the body as that of 29-year-old Joshua Wayne Grubb.Grubb is listed as being homeless.Officialsbelieve hisremains had been under the porch for at least two weeks. His death isbelieved to havebeen due to natural causes.Afin...More >>
  • Knoxville man drowns while vacationing in Florida

    Knoxville man drowns while vacationing in Florida

    Knoxville man drowns while vacationing in Florida

    KNOXVILLE (WATE) - A Knoxville businessman is dead after a swimming incident in Florida on Saturday.According to the Cocoa Beach Police Department,Michael Markwell, 51, was well outside of an area protected by a lifeguard when bystanders saw him face down in the water.Rescuers managed to pull him out of the water and perform CPR. He was taken to an area hospital, but officials say he died a short time after arrival.According to the Orlando Sentinel, Markwell was managing partner at Carrabba's...More >>
    KNOXVILLE (WATE) - A Knoxville businessman is dead after a swimming incident in Florida on Saturday.According to the Cocoa Beach Police Department,Michael Markwell, 51, was well outside of an area protected by a lifeguard when bystanders saw him face down in the water.Rescuers managed to pull him out of the water and perform CPR. He was taken to an area hospital, but officials say he died a short time after arrival.According to the Orlando Sentinel, Markwell was managing partner at Carrabba's...More >>
  • Local stores celebrate Record Store Day

    Local stores celebrate Record Store Day

    It is celebrated the third Saturday every April, and it is drawing more and more attention.More >>
    It is celebrated the third Saturday every April, and it is drawing more and more attention.More >>

By MONA NAIR
6 News Reporter

KNOVILLE (WATE) - Gold prices have taken a dramatic dip. Just this week it took its sharpest tumble in 30 years. And that's having an impact both nationally and locally.

Gold shop owners say when the economy is bad, you typically see gold prices going up. So the fact that prices are down is a good sign for the economy. Still, what's going on now is quite a contrast to some of the stories we were doing a little over a year ago.

Back in 2011 we spoke to several customers flocking to gold shops to cash in on some big money. But those days are gone.

"You can see it's a steady decline," explained Mark Enix, owner of Fountain City Jewelers, showing us a graph that plots the steady decline just this month.

For comparison, he showed us a pile of gold a customer had recently brought in to sell.

"We've got 37 grams of gold. A month ago you're looking at $820, and in today's market it's around $700. So there a little bit of a difference about $120 just this month," he explained.

So the big question is, is the era of gold long gone?

"If I knew all the answers, I ‘d be buying a lot of gold. But it's tough to tell," Enix said.

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  • Police identify body found under porch of West Knoxville home

    Police identify body found under porch of West Knoxville home

    Police identify body found under porch of West Knoxville home

    KNOXVILLE (WATE) - Police have identified the human remains found under a West Knoxville home.The Knoxville Police Department responded around 7:20 p.m.Wednesday to a house located on the 700 block of Forest View Road after a homeowner reported a foul odor.KPD has identified the body as that of 29-year-old Joshua Wayne Grubb.Grubb is listed as being homeless.Officialsbelieve hisremains had been under the porch for at least two weeks. His death isbelieved to havebeen due to natural causes.Afin...More >>
    KNOXVILLE (WATE) - Police have identified the human remains found under a West Knoxville home.The Knoxville Police Department responded around 7:20 p.m.Wednesday to a house located on the 700 block of Forest View Road after a homeowner reported a foul odor.KPD has identified the body as that of 29-year-old Joshua Wayne Grubb.Grubb is listed as being homeless.Officialsbelieve hisremains had been under the porch for at least two weeks. His death isbelieved to havebeen due to natural causes.Afin...More >>
  • Knoxville man drowns while vacationing in Florida

    Knoxville man drowns while vacationing in Florida

    Knoxville man drowns while vacationing in Florida

    KNOXVILLE (WATE) - A Knoxville businessman is dead after a swimming incident in Florida on Saturday.According to the Cocoa Beach Police Department,Michael Markwell, 51, was well outside of an area protected by a lifeguard when bystanders saw him face down in the water.Rescuers managed to pull him out of the water and perform CPR. He was taken to an area hospital, but officials say he died a short time after arrival.According to the Orlando Sentinel, Markwell was managing partner at Carrabba's...More >>
    KNOXVILLE (WATE) - A Knoxville businessman is dead after a swimming incident in Florida on Saturday.According to the Cocoa Beach Police Department,Michael Markwell, 51, was well outside of an area protected by a lifeguard when bystanders saw him face down in the water.Rescuers managed to pull him out of the water and perform CPR. He was taken to an area hospital, but officials say he died a short time after arrival.According to the Orlando Sentinel, Markwell was managing partner at Carrabba's...More >>
  • Local stores celebrate Record Store Day

    Local stores celebrate Record Store Day

    It is celebrated the third Saturday every April, and it is drawing more and more attention.More >>
    It is celebrated the third Saturday every April, and it is drawing more and more attention.More >>
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