Gold’s surge to a record this week has baffled many analysts and forced traders to ask themselves just how much further it can go. Weak US economic data and banking jitters helped spark a 5% jump in bullion prices over the past four trading sessions, with the latest gains on Tuesday and Wednesday topping the previous high set in December. However, the speed and scale of the move caught many market watchers off guard, particularly in the absence of any significant change in the outlook for when the Federal Reserve would start cutting rates, which has been a key focus. To be sure, the backdrop looks favorable for gold ... (full story)