Gold surged to a fresh record high above $5,100 per ounce, while silver quietly added another 5% to trade around $110 today. The latest leg higher has reinforced the bullish gold forecast, with continued US dollar weakness and signs of yen intervention combining with a broader loss of confidence in fiat currencies, which has long underpinned gold’s appeal. Add in persistent global policy uncertainty, and it is hardly surprising that capital keeps flowing into hard assets. Indeed, the list of supportive factors behind this rally feels almost endless. Even so, it is fair to say that even some of the more bullish ... (full story)