Gold is up 68% for the year. - Getty Images/iStockphoto Gold reaching a new record high is evidence the “great debasement trade” is back on, says one strategist. Robin Brooks, the senior economist at the Brookings Institution and previously chief currency strategist at Goldman Sachs, made his comment as gold surged past $4,400 an ounce. Most Read from MarketWatch In a post on Substack, Brooks wrote that the upswing is a direct result of the most recent interest-rate reduction from the Federal Reserve ...

🇺🇸 LATEST: Arthur Hayes argues US banks adopting stablecoins can provide $6.8 trillion of buying power for US Treasuries.He sees this as "debt monetization dressed in Ethereum drag" and advises to go long Bitcoin. https://t.co/xeSJnXclVf ...