Fresh records for gold beckon

High demand: An employee preparing a gold dragon statue in a jewellery shop. The surge of buying from China is likely behind the recent rally but some of the more conventional factors that typically propel the yellow metal are starting to fall into line. — Bloomberg

GOLD has definitively broken out of the range it’s been stuck in since the start of this decade, reaching a record US$2,195 per troy ounce this month.

While a surge of buying from China is likely behind the recent rally, some of the more conventional factors that typically propel the yellow metal are starting to fall into line.