Gold hits all-time high of $2,560 per ounce, reflecting dollar’s weakness amid economic turmoil. For the first time ever, a bar of gold is worth a cool one million dollars.

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Gold Bars Are Worth a Million Dollars for the First Time

The milestone was reached Friday, when the precious metal’s spot price surpassed $2,500 per troy ounce, an all-time high. With gold bars typically weighing about 400 ounces, that would make each one worth more than $1 million.