Gold ( GLD - Gold ETF ) prices surged this week, defying market expectations and hitting a record high of $2,300 per troy ounce.  The remarkable ascent of gold amidst a backdrop of stock, Treasury, and Bitcoin sell-offs has left analysts scrambling to decipher the driving forces behind its bullish run. Analysts attribute the relentless climb in gold prices to a variety of factors, including anticipation of rate cuts by the Federal Reserve, which typically exerts downward pressure on bond yields and the dollar, thereby boosting gold's appeal. However, even as doubts emerge over the certainty of rate cuts amidst signs of inflation, gold continues to rally. Analysts suggest that this resilience may be fueled by strong buying interest from certain sovereign entities seeking to diversify their dollar holdings. 👉  Check Out Video --> GLD Price Analysis Cautionary Signs Amidst the Surge Bank of America ( BAC ) notes that robust demand for gold persists, particularly evident in Ch...