The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge

By Mark Burton, Jack Ryan and Yvonne Yue Li –  Bloomberg News

Seasoned executives and analysts offer very different answers to who or what has driven gold to its unprecedented heights: Is it a central bank worried about the dollar’s role as an economic weapon? Funds betting that the Federal Reserve’s pivot to lower interest rates is imminent? An army of algorithmic traders drawn to gold simply because it’s going up? Stubborn inflation and worries about a hard landing? Weakening currencies? Upcoming elections? All of the above?