Value of gold bar reaches $1M for 1st time A bar of gold is now worth $1 million. Fox – LA The price of gold hit an all-time high this week, driving the price of a standard gold bar up to $1 million for the first time ever. A typical gold bar as we think
If you’ve been watching the gold space in recent years, you may know that the precious metal has appreciated in value by over 750 percent since 2000, when it was under US$300 per ounce. Even when adjusting for inflation, the value of gold is still up a significant 350 percent over that period. Given that
The United Arab Emirates (UAE) announced the temporary suspension of operations at 32 gold refineries as part of a sweeping effort to combat money laundering and related financial crimes. According to Bloomberg, the move comes amid increasing scrutiny of the the country’s gold sector, which has been linked to illicit activities, including smuggling of the
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