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Ken Griffin Sounds Alarm as Gold Futures Tops $4,000 and Dollar Weakens
Yahoo Finance· 2025-10-07 10:24
Ken Griffin, CEO of Citadel, expressed deep concern this week over gold’s soaring price and its implications for the U.S. dollar’s role as a global safe haven, according to Bloomberg. Gold futures just breached $4,000 an ounce, marking a gain of more than 50% so far in 2025. The U.S. dollar, measured by the U.S. Dollar Index (DXY) which tracks the value of the dollar against a basket of major foreign currencies including the euro, yen, and pound has lost around 10% of its value this year and currently sit ...
US Dollar Collapsing, Investors Prefer Bitcoin, Gold, Silver Instead, Says Citadel Executive
Yahoo Finance· 2025-10-07 09:58
Bitcoin , gold, and silver prices have been hitting all-time highs recently, as demand for hard assets continues to grow amid the US dollar collapse. Citadel executive Ken Griffin stated that investors are fleeing the US dollar, and instead opting for hard assets as the fiat currency has lost 10% value since the start of 2025. Investors Prefer Bitcoin, Gold, and Silver as ‘Debasement Trade’ Citadel CEO Ken Griffin has expressed concern as investors increasingly view gold as a safer asset than the US doll ...