$3,448.49
When buying 1 oz Gold bars, you may wonder how the price of Gold is determined. Manufacturing Gold bars and other Gold products such as jewelry and electronic components is dependent on the supply of Gold, which is finite. Using Gold to produce Gold bullion has dominated the supply of Gold for thousands of years; however, new uses for the Precious Metal have been discovered throughout time, and many of the newer uses have only been in existence for the past few decades. The price of Gold is affected by this growing demand and the limited supply of this Precious Metal.
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