The price of gold has reached a historic high, exceeding $2,500 per ounce

The price of gold bars exceeded $1 million for the first time, as the spot value of gold rose above $2,500 per ounce. Since the beginning of the year, the price of gold has increased by more than 20% due to high demand from central banks.

Aug 20, 2024 - 11:09
Aug 20, 2024 - 11:09
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The price of gold has reached a historic high, exceeding $2,500 per ounce
Photo taken from public sources

The price of gold reached a historic high, exceeding $2,500 per troy ounce, which led to the fact that the value of gold bars exceeded $1 million for the first time in history. Since the beginning of the year, the price of gold has increased by more than 20%, which was facilitated by high demand from central banks. This event highlights the importance of gold as a reliable asset in conditions of economic instability, and also increases investors' interest in precious metals as a means of capital protection.

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