Gold has been one of the defining asset stories of this decade. After crossing $5,000 per troy ounce for the first time in history earlier this year, the metal has since consolidated near $4,494, a level that, in any prior era, would itself have been a record. The question now occupying investors and strategists alike is not whether gold belongs at elevated prices, but what catalysts could drive the next leg higher, and where the credible downside risks lie. The structural forces underpinning gold remain as potent as they were when the rally began. Central banks particularly those in emerging markets seeking to ... (full story)