For the first time ever, the price of a gold bar has recently skyrocketed to an astonishing $1 million, driven by a dramatic surge in the value of the precious metal.
Spot gold prices soared to over $2,500 per troy ounce, shattering previous records. With the average gold bar weighing 400 troy ounces, this means each bar is now worth a staggering $1 million.
It’s crucial to note that gold bars don’t always weigh exactly 400 ounces, and they are typically traded by central banks and bullion dealers on the international stage – not by everyday investors. However, this unprecedented spike signals a major shift in the market, raising urgent questions about the stability of global investments.
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