FT: Gold’s mystery rally baffles analysts

[Newton baffled by gravity. Economists baffled by economics …]

Gold’s mystery rally baffles analysts

Hopes of US rate cuts alone are unlikely to have driven latest leg higher, say strategists

The gold price hit nearly $2,195 per troy ounce on Friday © Bloomberg

Financial Times

The price of gold has surged 7 per cent in just over a week to hit record highs, leaving longtime market watchers struggling to explain what has…