Dollar in Trouble, Gold Hits $5,000
The U.S. dollar is crashing, dropping 2.26% in just five days, after the New York Fed made a rare “rate check” call—hinting at possible coordination with Japan to support the yen.
While the dollar falls, gold surges past $5,000 per ounce as investors lose faith in the U.S. as a safe haven.
Jerome Powell faces pressure: the Fed is expected to keep rates at 3.5%, but President Trump wants lower rates to boost exports.
The yen is up 3%, Japan’s stocks are sliding, and experts warn the dollar’s global dominance is weakening. Investors are now hedging against the U.S. system itself, not just inflation.
The big question: Is the Fed still in control, or is a new global financial order emerging?
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