Ken Griffin Sounds Alarm as Gold Futures Tops $4,000 and Dollar Weakens

Core Insights - Ken Griffin, CEO of Citadel, expressed concerns about gold's rising price and its implications for the U.S. dollar as a global safe haven, with gold futures surpassing $4,000 an ounce, reflecting a gain of over 50% in 2025 [1] - The U.S. dollar has depreciated approximately 10% this year, currently positioned near 98.5 on the U.S. Dollar Index (DXY) [2] - Griffin noted a trend of asset inflation away from the dollar as investors seek to de-dollarize and mitigate U.S. sovereign risk, amidst a booming U.S. economy and record-high equities driven by advancements in artificial intelligence [3] Market Trends - The "debasement trade" narrative has gained traction, with investors favoring hard assets like gold, silver, and bitcoin as protection against monetary debasement caused by excessive money creation [4] - The U.S. government is experiencing a partial shutdown, and market expectations indicate a 92% probability of a 25 basis point rate cut at the upcoming meeting on October 29, potentially lowering the federal funds rate to a range of 3.75%–4.00% [5] - Bitcoin has seen a significant increase of 9% in October, reaching a new all-time high of $126,000 [5]