Gold tops $5,300 amid weak dollar 'supercharging' rally.

Gold ($XAU ) futures jumped above $5,300 per ounce on Wednesday before easing as a weak dollar fueled the debasement trade, driving investors away from fiat currencies and government bonds.

The greenback stabilized on Wednesday after sliding to its lowest level since early 2022, as President Trump shrugged off concerns about a weakening currency.