When will gold's latest surge end?

It's been an amazing couple of months for precious metals, with the prices of both gold and silver hitting new highs – in dollar terms at least. But what's behind gold's latest rally? And what could bring it to an end? Dominic Frisby investigates.

Gold and silver have broken out to new highs yet again. It seems to be happening almost every day now.

Yesterday, gold broke new records, closing in the US at $1,340 per ounce, while silver is now through its 2008 peak, closing at $22.80 an ounce, also an all-time high, except for a few crazy days in 1980.

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