黄金持续飙升突破4400美元再创历史新高，今年累计涨幅68%！“大贬值交易”回归再度升温，债务水平较低G10国家货币受关注

Group 1 - The core viewpoint of the articles highlights the resurgence of the "Great Debasement Trade" as gold prices soar to historical highs, exceeding $4,400 per ounce, with a year-to-date increase of 68% [1][2] - Silver prices have also risen significantly, matching gold's year-to-date returns, indicating a broader trend in precious metals [1] - The recent surge in gold prices is attributed to the Federal Reserve's recent interest rate cuts and growing concerns over "debt monetization," where central banks purchase government bonds to increase inflation and manage debt [2] Group 2 - Robin Brooks, a senior economist at the Brookings Institution, notes that the impact of the "debasement trade" is extending beyond precious metals, affecting currencies of low-debt G10 countries like the Swedish Krona and Swiss Franc, which are showing positive correlation with gold and silver prices [2] - Despite the strong performance of the dollar against the weak yen, it masks the overall weakness of the dollar against a basket of currencies, reflecting the broader trend of currency depreciation [2]