A gold bar is now worth $1 million

The price of a bar of gold has reached a significant milestone, hitting a record high of over $2,500 per troy ounce. This surge in prices has led to a gold bar now being worth a million dollars. The rise in gold prices can be attributed to various factors, including expectations of a cut in interest rates by the Federal Reserve and central banks purchasing gold to reduce reliance on the US dollar. Gold is considered a reliable store of value during economic uncertainty, and it is seen as a hedge against inflation. However, it’s worth noting that gold bars are usually traded by institutions rather than individuals.