The price of gold bullion reached one million dollars for the first time in history, showing an increase of 32 percent compared to 2023. The value of an ounce of the precious metal stood at $2,500.

Let us remember that, normally, a gold bar weighs a little more than 400 grams, so the value of each one would exceed one million dollars.

According to data revealed in a report by the Swiss financial holding Mirabaud, “in a volatile international context, due to geopolitical conflicts, gold continues to benefit from its safe haven status.”

On the other hand, according to the Argentine broker Aurum Valores, the increase in the price of the dollar would be linked “to the strong recovery that the US equity markets had in recent days”, while awaiting the announcement by the Federal Reserve of rate cuts.

CNBC also issued its opinion on the rise in the price of gold, noting that investors maintain an upwardly oriented sentiment regarding the metal for the next six months.

M.Pino

Source: bloomberglinea

(Reference image source: Jingming Pan in Unsplash)

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