Although stock indices such as the S&P 500 are reaching record highs while the US economic outlook is favourable, gold has staged a surprisingly persistent rally in recent weeks – in North America much as in Europe. Even for many commodities experts at major banks, this has been surprising. The price per ounce of gold has risen 13.67 per cent year on year to 2,201 US$ (as at 20 March 2024), surpassing its previous all-time high of 2,196 on 11 March 2024. Perhaps for this reason, a number of analysts from renowned financial institutions have, once again, significantly raised their gold price forecasts for the end of ... (full story)