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

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

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.