Gold prices have surged to unprecedented levels, with futures closing at a record high of $2,560.80 on August 27, 2024. This marks the highest daily close in history, as the market responds to lower yields, a weaker US dollar, and increased inflows into exchange-traded funds (ETFs) such as SPDR's GLD. Analysts highlight that the current rally, which has seen gold prices exceed $2,500 an ounce, is supported by strong buying interest and could lead to further gains, with some speculating prices could reach $3,000 or more. The trend indicates a 'stealth bull market' that has been gaining recognition among investors. As of August 29, gold was trading at approximately $2,521, continuing to flirt with new all-time highs.