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Gold prices have surged to new heights, with Costco reporting a rapid sellout of their one-ounce gold bars. Strategists predict that gold may reach $3,000 per ounce. The spot price of gold, which represents the current
market price for an ounce of gold, fluctuates daily. The premium on one ounce of gold refers to the additional cost above the spot price, often due to factors such as demand, supply, and fabrication costs. The surge in gold prices is fueled by a combination of factors, including economic uncertainty and a weaker U.S. dollar.
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