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2. The price of gold is at a record high. Here's why

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   The spot price of gold closed Tuesday at just over $2,514 per Troy ounce — the standard for measuring precious metals, which is equivalent to 31 grams. That would make a gold bar or brick ...

3. The price of gold is at a record high. Here's why

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   The spot price of gold closed Tuesday at just over $2,514 per Troy ounce — the standard for measuring precious metals, which is equivalent to 31 grams. That would make a gold bar or brick weighing 400 Troy ounces worth more than $1 million today. This week's record high means that the price of gold has climbed hundreds of dollars per Troy ...

4. Here's why gold prices could climb even higher from current ...

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   Gold prices hit a fresh record high — above $2,500 an ounce — on Friday. Gold prices have risen about 20% this year thanks to central bank buying and geopolitical and economic uncertainties.

5. Gold as an investment - Wikipedia

   en.wikipedia.org/wiki/Gold_as_an_investment

   For example, if one owns a share in a gold mine where the costs of production are US$300 per troy ounce ($9.6 per gram) and the price of gold is $600 per troy ounce ($19/g), the mine's profit margin will be $300. A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in ...

6. How much is a gold bar worth?

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   As of July 24, the spot price is $2,397.50 per troy ounce. A troy ounce equals 1.097 standard ounces, or about 10 percent more, and it’s the standard measure for the weight of gold.

7. Gold standard - Wikipedia

   en.wikipedia.org/wiki/Gold_standard

   Gold prices (US dollars per troy ounce) from 1914, in nominal US dollars and inflation adjusted US dollars. The unequal distribution of gold deposits makes the gold standard more advantageous for those countries that produce gold. [106] In 2010 the largest producers of gold, in order, were China, Australia, the U.S., South Africa, and Russia. [107]