This picture shows a 12,5kg gold bar engraved using a precision machine at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

This picture shows a 12,5kg gold bar engraved using a precision machine at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

A picture shows 12,5kg gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

A picture shows 12,5kg gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

A picture shows 12,5kg gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

A picture shows 12,5kg gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

An employee arranges a 12,5kg gold bar at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

An employee arranges a 12,5kg gold bar at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)