Gold Futures Break Another Record, Driven by Perfect Storm

Gold futures prices have reached a record high due to a combination of factors. These include geopolitical tensions, hopes of monetary easing, Chinese economic struggles, central bank buying, and algorithmic trading. June futures on the New York Mercantile Exchange have risen by 5% in the past week and over 12% year-to-date, currently standing at $2,371 per troy ounce. They briefly peaked at $2,376 earlier in the session.