The Dollar Doesn't Need to Die for Gold to Win
Dollar doom narratives miss how the monetary system actually works. Brent Johnson explains why gold and a strong dollar rise together.
Economy · News reference
Gold surges past July's consolidation, eyeing $4,200. With Fed anxiety and inflation fears looming, is a real breakout underway?
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Dollar doom narratives miss how the monetary system actually works. Brent Johnson explains why gold and a strong dollar rise together.
Filed: 2026-08-03 AccNo: 0001193125-26-330591 Size: 144 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Wall Street economists can spend all day debating what the Federal Reserve might do, whether inflation is really defeated, and whether the economy is heading toward a soft landing, a hard landing, or some newly invented
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Gold miners fall 1.9% and Bitcoin proxies sell off after August payrolls beat by 106,000, pushing September Fed hike odds to 60.2% from 49.4%.
Stocks rallied and Treasury yields retreated from three-year highs after Fed Governor Waller signaled he could back a rate hold, sending bitcoin above $80,000.