Banks and traders race to capitalise on gold’s historic rally
Surge in bullion prices turns precious metals trading and vaulting into one of finance’s most profitable businesses
Surge in bullion prices turns precious metals trading and vaulting into one of finance’s most profitable businesses

Analysts predict further gains for bullion after 64% rally last year

The institutions underpinning the trading and storage of the precious metal remain opaque and under-regulated

The precious metal has suffered a sell-off during the Middle East war but the outlook is more positive

Geopolitical risks and worries about status of the greenback likely to drive further demand for bullion, survey shows

The surge in the precious metal’s price could have ominous implications for the markets

Professional and retail investors are swarming to buy the precious metal, raising the risk of a bubble