Gold has risen more than 15% since the start of the year, surpassing the significant $5,500 milestone this week. Gold’s appeal is linked to the narrative that it is a safe haven asset, acting as a “hedge against inflation”. “The dollar debasement helps the gold price,” he told Euronews. As gold continues to make headlines, investors are caught up in the momentum, sparking a buying frenzy. “People are naturally drawn to things they see moving and they've seen gold have an astonishing rally,” said Chris Beauchamp, chief market analyst at IG.