The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge
- Gravity defying rally has confused seasoned analysts
- Gold prices have surged since February to new all-time highs
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Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate and murky outlook for the global economy. The precious metal is famously seen as a “safe haven,” and the general view is that bullion prices should rise when interest rates fall — which many investors expect will happen later this year.
And yet. Take a closer look, and it’s far from clear: why is gold suddenly rising right now?