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In recent weeks, the price of gold has hit record highs on several occasions. On April 9, 2024, the spot gold price surpassed $2,348 per ounce, reaching a high of $2,365.4 at one point, up 8.9% in a month and up about 15% so far this year. For some on Wall Street, the surge in the price of gold is expected to continue at least through the second half of 2024. Some analysts believe that the time-honored credibility and consensus are being awakened, and gold is making a comeback. The fact that gold prices are soaring has Wall Street baffled, so what are the forces behind it?
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