Gold has a shot at $5,000 if investors rekindle this popular trade

Core Insights - Gold prices have recently reached record highs, indicating strong demand and market interest in the precious metal [1] - The debasement trade, which has significantly contributed to the rally in gold prices this year, remains active and influential [1] Group 1 - The recent surge in gold prices has been sustained for over two weeks, reflecting ongoing investor confidence [1] - The debasement trade is characterized by a strategy where investors seek to hedge against currency devaluation, which continues to support gold's appeal [1]