Gold Price Hits Another All-Time High as One Bar Surpasses $1M
Continuing what has been a monumental year for the asset, the gold price has reached yet another all-time high as it continues to gain value. Indeed, the metal is currently trading at more than $2,525 after reaching a record of $2,531 earlier Tuesday. The most recent increase means that a signal gold bar of 400 troy ounces is now selling for more than $1 million. A massive reason for its prevalence is the ongoing economic uncertainty. This year has seen gold emerge as a key haven asset in the concerning times. Also Read: Gold Prices Predicted by JP Morgan to Hit New All-Time High Gold Price Surges to $2,531 All-Time High in Yet Another Record Rally There is no denying gold’s importance in 2024. The metal has become a valuable asset that has driven increased private and institutional investment throughout the year. With the BRICS bloc leading international interest, it has been targeted as a key reserve asset amid questionable economic realities. That interest has led the gold pric...