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Gold Bars Worth a Million Dollars for the First Time in History

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For the first time in history, a gold bar is worth a million dollars, thanks to rising precious metal prices.

On Friday, the price of gold reached over $2,500 per ounce, setting a record, and with the average gold bar weighing 400 ounces, its value now stands at a million dollars.

Gold prices have increased by more than 20% since the beginning of the year, as central banks, led by China, are buying gold to reduce their reliance on U.S. dollars.

Central banks and investors view gold as a long-term, reliable store of value during times of economic turmoil. This is because when interest rates fall, gold prices tend to rise, making bars more attractive than bonds.

Read more...

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Serbia and Dominica have signed a Protocol on Cooperation between the foreign ministries of the two countries, according to a statement from the government. The...

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The export of products and services in the field of information and communication technology (ICT) increased by 18.84 percent in the first six months...

Investors also consider gold a hedge against inflation, as gold bars retain their value even when many prices are rising.

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