Why the bull market in precious metals may be starting again

In the last few days something unexpected has happened. There are signs that the bull market in precious metals may be starting again. We were surprised by this because none of the normal conditions were obviously present. Bond yields have risen across much of the Western world, while the US dollar has remained relatively stable. Normally, these two factors together would be enough to suppress the gold price or even make it fall. We had thought there was little chance of a resumption in the precious metals bull market until the Iranian/US conflict was resolved. The logic was straig...