Historic First! Gold bar price reaches $1 million, gold sector sees a general rise
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Last Friday, the spot gold price broke through $2500 per ounce, and the price of gold bars reached a milestone of over $1 million for the first time. Global central banks net purchased 483.3 tons of gold in the first half of the year, enhancing the attractiveness of gold as a safe-haven asset. At the same time, market optimism towards gold was boosted by expectations of a Fed rate cut, with the international gold price expected to reach $3000 per ounce next year. On Monday, the gold sector of the US stock market generally rose
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