Gold is the most expensive it's ever been, but analysts warn that a Biden presidency and a coronavirus vaccine could derail its record surge

REUTERS/Eliseo Fernandez

• Gold prices have rallied to their highest levels in history this week, but its rally won't last forever. 
• Business Insider spoke to a number of analysts this week to find out what could derail the precious metal's record rise.
• A Joe Biden presidency, the development of a useable coronavirus vaccine, and a stock market correction could all push gold prices lower, they told us.
• Visit Business Insider's homepage for more stories.

Investors all across the globe have rushed to buy gold pushing the precious metal to its highest level ever, but analysts think the precious metal, which has been regarded as the darling of financial markets in recent weeks, is simply not pricing in a number of bearish scenarios which could cause the gold price to crumble. 

Yung Yu-Ma, chief investment strategist at BMO Wealth Management, said: "While a number of factors have converged in support of gold, the picture around year-end may show cracks."

See the rest of the story at Business Insider

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