Gold prices have surged past $5,000 an ounce for the first time ever, continuing a stunning and fast-moving rally that’s taken many by surprise. Investors are piling into precious metals as concerns grow over global debt, inflation, geopolitical uncertainty, and currency weakness. This move has been described by analysts as part of a broader “debasement trade” as the dollar weakens and safe haven demand accelerates. Gold’s rally this year follows a massive gain in 2025, underlining just how strong the trend has become. With $SI also hitting new highs, the precious metals complex is drawing attention from traders looking for protection and diversification amid macro uncertainty. Does gold’s break above this massive milestone signal a new long-term era for safe havens, or is it just a blow-off move that could retrace fast?