This year's Olympic medals are worth more than ever [CNN]
S&P Global Inc. (SPGI)
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Source: CNN
Athletes on the podium at the Winter Olympics in Italy this month will be awarded the most expensive medals in the history of the Games, thanks to soaring precious metals prices. More than 700 gold, silver and bronze medals will be presented to the world's top winter sports athletes taking part in events from skiing and ice hockey to figure skating and curling And while the sentimental value immeasurable, in pure cash terms, those medals will be worth more than ever before. Since the Olympic Games in Paris in July 2024, the spot prices of gold and silver have skyrocketed some 107% and 200%, respectively, according to FactSet data. Those eye-popping gains mean that, based on the metals prices alone, gold medals are now worth around $2,300, more than double their value at the Paris Olympics . Second-place silver medals are worth almost $1,400, or three times their value two years ago. Demand from retail investors has partly driven silver's surge. Gold prices climbed after major
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