Gold has been on a remarkable ascent, with spot prices (GCY00) soaring to a new high of $2,757.95 earlier today. Likewise, the most active December gold futures (GCZ24) peaked this morning at a fresh record of $2,772.60, extending its year-to-date gain to a staggering 27%.
The precious metal's record-setting rally has been fueled by a perfect storm of factors, including persistent geopolitical tensions, evolving Federal Reserve policies, and robust central bank demand.
