Gold and Commodities

Gold Hits Historic $30 Trillion Global Valuation—Higher Than Bitcoin, Nvidia

Record money supply, Chinese tensions, and the Federal Reserve—all factors supporting gold prices.
Gold Hits Historic $30 Trillion Global Valuation—Higher Than Bitcoin, Nvidia
A worker polishes gold bullion bars at the ABC Refinery in Sydney, Australia. David Gray/AFP via Getty Images
Andrew Moran
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Gold is now the world’s first global asset to have a $30 trillion market valuation, new data show.

The yellow metal has enjoyed a meteoric ascent this year, adding approximately $11 trillion in valuation, although it has slumped to finish the trading week on modest profit-taking.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."