{"id":10179,"date":"2024-09-03T11:46:12","date_gmt":"2024-09-03T03:46:12","guid":{"rendered":"https:\/\/orientfutures.sbwd.website\/?p=10179"},"modified":"2026-02-03T17:38:37","modified_gmt":"2026-02-03T09:38:37","slug":"gold-bars-million-dollar-value","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/market-insights\/gold-bars-million-dollar-value\/","title":{"rendered":"Gold Bars Hit Million-Dollar Value for the First Time"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10179\" class=\"elementor elementor-10179\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d1b822d e-flex e-con-boxed e-con e-parent\" data-id=\"2d1b822d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-16988760 elementor-widget elementor-widget-text-editor\" data-id=\"16988760\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>For the first time in history, a single gold bar has reached a value of one million dollars. This milestone was achieved on Friday when the spot price of gold exceeded $2,500 per troy ounce, setting a new record. Given that gold bars usually weigh around 400 ounces, each now surpasses the $1 million mark.<\/p>\n<p>Gold prices are reaching new highs, with analysts predicting further records, including a potential rise to $3,000 per troy ounce next year as the U.S. Federal Reserve meeting approaches. &#8220;2024 is expected to see multiple peaks for gold,&#8221; <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2024\/08\/as-gold-surges-to-record-highs-experts-are-predicting-3000-per-ounce-amid-global-uncertainty\/\" target=\"_blank\" rel=\"noopener\">said Sabrin Chowdhury<\/a>, head of commodities analysis at BMI, highlighting gold&#8217;s role as a safe-haven asset. She pointed to the heightened uncertainty from events like the upcoming US elections, Ukraine&#8217;s renewed push into Russia, and <a href=\"https:\/\/of.sbwd.website\/zh\/how-does-israel-palestine-conflict-affect-oil-prices\/\">escalating Middle East tensions<\/a>.<\/p>\n<p>Tensions between Israel and Iran are nearing a boiling point after Iran vowed retaliation for the recent assassination of Hamas political leader Ismail Haniyeh in Tehran. In response, Israel has placed its military on high alert, while the U.S. has deployed a carrier strike group and a guided-missile submarine to support Israel&#8217;s defense.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3a8d9a elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"a3a8d9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GRAPH HERE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ecfe8d elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"9ecfe8d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Market Outlook\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81d4037 elementor-widget elementor-widget-text-editor\" data-id=\"81d4037\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>In the first half of this year, central banks purchased a net total of 483.3 tons of gold, equivalent to nearly 40,000 bars, according to a\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-19\/gold-bars-are-worth-a-million-dollars-for-the-first-time?embedded-checkout=true\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> estimate. This surge in gold buying has been driven in part by expectations of a more accommodative monetary policy from the U.S. Federal Reserve. Lower interest rates decrease the opportunity cost of holding gold, making it more appealing compared to interest-bearing assets like Treasurys, which typically compete with gold as safe-haven investments.<\/p>\n<p>Additionally, lower rates put downward pressure on the dollar, making dollar-denominated gold more attractive to investors holding other currencies.\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/08\/19\/gold-prices-hit-new-record-with-fresh-highs-ahead-of-fed-rate-decision.html\" target=\"_blank\" rel=\"noopener\">Citi analysts <\/a>noted that gold investor sentiment is likely to remain positive over the next three to six months. They projected a target price of $3,000 per ounce by mid-2025, with an average price forecast of $2,550 per ounce for the fourth quarter of this year.<\/p>\n<p>For more information about Gold Futures, find out more about\u00a0<a href=\"https:\/\/of.sbwd.website\/zh\/embark-with-orient-20200506\/\">How Worthy Is Gold in 2024 <\/a>\u4e0e <a href=\"https:\/\/of.sbwd.website\/zh\/5-things-to-know-about-corn-futures\/\">5 Things to Know About Gold Futures<\/a>.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4507328 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"4507328\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">APEX Perpetual Gold Futures Contract Specifications\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb59ea8 elementor-widget elementor-widget-text-editor\" data-id=\"fb59ea8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>The APEX Perpetual Gold Futures Contract has the following specifications:<\/p>\n<p>The Futures Contract has a minimum price fluctuation of US $0.10\/troy ounce.<\/p>\n<p>The last trading day of the contract month is not applicable as there is no maturity date.<\/p>\n<p>APEX Perpetual Gold Futures symbol: AUP1\/ AUP10\/ AUP100<\/p>\n<p>APEX Trading Hours are as follows (LBMA Gold Price AM Publication Day):<\/p>\n<p>\u00a0<\/p>\n<p><strong>T Session:<\/strong><\/p>\n<p>06:55hr &#8211; 06:59hr (Pre-opening Session)<\/p>\n<p>06:59hr &#8211; 07:00hr (Opening Match Session)<\/p>\n<p>07:00hr &#8211; 18:00hr (Day Session)<br \/><br \/><\/p>\n<p><strong>T+1 Session:<\/strong><\/p>\n<p>20:25hr &#8211; 20:29hr (Pre-opening Session)<\/p>\n<p>20:29hr &#8211; 20:30hr (Opening Match Session)<\/p>\n<p>20:30hr &#8211; 05:00hr (Night Session)<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1b6211 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"d1b6211\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u4e1c\u8bc1\u671f\u8d27\u56fd\u9645\uff08\u65b0\u52a0\u5761\uff09\u7b80\u4ecb\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a27e9db elementor-widget elementor-widget-text-editor\" data-id=\"a27e9db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p class=\"translation-block\">\u4f5c\u4e3a\u4e0a\u6d77\u56fd\u9645\u80fd\u6e90\u4ea4\u6613\u4e2d\u5fc3\uff08INE\uff09\u3001\u5927\u8fde\u5546\u54c1\u4ea4\u6613\u6240\uff08DCE\uff09\u53ca\u90d1\u5dde\u5546\u54c1\u4ea4\u6613\u6240\uff08ZCE\uff09\u7684\u5883\u5916\u4e2d\u4ecb\u673a\u6784\uff0c\u5883\u5916\u5ba2\u6237\u901a\u8fc7\u6211\u4eec\u53c2\u4e0e\u4e2d\u56fd\u5e02\u573a\u7684\u56fd\u9645\u5316\u671f\u8d27\u5408\u7ea6\u65f6\uff0c\u53ef\u76f4\u901a\u4ea4\u6613\u3001\u6e05\u7b97\u53ca\u7ed3\u7b97\u5168\u6d41\u7a0b\u3002\u6211\u4eec\u7684\u6bcd\u516c\u53f8\u4e0a\u6d77\u671f\u8d27\uff0c\u662f\u4e2d\u56fd\u4e94\u5bb6\u76d1\u7ba1\u671f\u8d27\u4ea4\u6613\u6240\u4e2d\u6309\u603b\u4ea4\u6613\u91cf\u8ba1\u6392\u540d\u5c45\u524d\u7684\u7ecf\u7eaa\u5546\u3002<\/p>\n<p>\u4f5c\u4e3a\u6301\u6709\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09\u9881\u53d1\u7684\u300a\u8d44\u672c\u5e02\u573a\u670d\u52a1\u8bb8\u53ef\u8bc1\u300b\u7684\u673a\u6784\uff0c\u00a0<a href=\"https:\/\/of.sbwd.website\/zh\/post-detail\/5-Things-To-Know-About-Singapore-Exchange\/\">Singapore Exchange (SGX), Asia Pacific Exchange (APEX)<\/a>,\u00a0<a href=\"https:\/\/of.sbwd.website\/zh\/ice-singapore-clearing-membership\/\">and ICE Futures Singapore (ICE SG)<\/a>. Starting August 2023, corporate clients can also gain access to the\u00a0<a href=\"https:\/\/of.sbwd.website\/zh\/post-detail\/4-Things-To-Know-About-B3-Exchange\/\">\u8fdb\u5165\u5df4\u897f\u4ea4\u6613\u6240\uff0c<\/a>\u00a0through us, opening additional trading avenues.<\/p>\n<p>\u4e1c\u8bc1\u671f\u8d27\u65b0\u52a0\u5761\u662f\u4e9a\u592a\u4ea4\u6613\u6240\u3001\u65b0\u52a0\u5761\u884d\u751f\u54c1\u4ea4\u6613\u6240\u4ee5\u53ca\u6d32\u9645\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u7684\u00a0<a href=\"https:\/\/of.sbwd.website\/zh\/contact\/\">\u4ea4\u6613\u548c\u6e05\u7b97\u4f1a\u5458\uff0c<\/a>\u00a0\u4e3a\u5ba2\u6237\u63d0\u4f9b\u8986\u76d6\u56fd\u9645\u5e02\u573a\u7684\u7efc\u5408\u4ea4\u6613\u670d\u52a1\u3002<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>For the first time in history, a single gold bar has reached a value of one million dollars. This milestone was achieved on Friday when the spot price of gold exceeded $2,500 per troy ounce, setting a new record. Given that gold bars usually weigh around 400 ounces, each now surpasses the $1 million mark.<\/p>","protected":false},"author":3,"featured_media":10187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"enabled","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","_links_to":"","_links_to_target":""},"categories":[30],"tags":[],"post_language":[],"class_list":["post-10179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v27.2) - 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