Spot gold traded at a record above $2,898 an ounce on Monday.

[Assembler]

Spot gold traded at a record above $2,898 an ounce on Monday.

China Frees Possible $27 Billion From Insurers to Buy Gold

Bloomberg News

Mon, February 10, 2025 at 12:42 AM PST

A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak.

https://finance.yahoo.com/news/china-frees-possible-27-billion-054250990.html

 

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[Assembler]

Gold Price Performance USD

Change Amount %

Today +26.96 +0.93%

30 Days +207.43 +7.70%

6 Months +452.32 +18.47%

1 Year +908.02 +45.54%

5 Year +1,319.18 +83.35%

20 Years +2,478.09 +584.74%

goldprice.org - 16:12 NY Time

 

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Encouraged to crack open Fort Knox and audit the $425 billion gold reserves inside — and Rand Paul wants to help

By Ryan King Published Feb. 16, 2025, 4:39 p.m. ET

The government assesses the book value of $42.22 per ounce, totaling about $6.2 billion worth of gold in Fort Knox.

But that’s almost a comical undervalue; gold is currently trading at nearly $2,900 per troy ounce after skyrocketing in the last year — meaning the stash is worth hundreds of billions.

Gold began arriving at Fort Knox in 1937. The largest amount of gold that had been stashed in the Kentucky-based Army installation was 649.6 million ounces in late 1941, per its website.

https://nypost.com/2025/02/16/us-ne...k-open-fort-knox-and-audit-the-gold-reserves/