Ken Griffin Warns as Gold Futures Exceed $4,000 Amid Dollar Decline
Ken Griffin, CEO of Citadel, voiced concern over gold's price surge and its impact on the U.S. dollar as a global safe haven.
Gold futures have surpassed $4,000 an ounce, gaining over 50% in 2025.
The U.S. Dollar Index (DXY) shows a 10% value decline this year, now near 98.5.
Griffin highlighted that investors are seeking to de-dollarize due to perceived U.S. sovereign risk.
U.S. equities are at historic highs, driven by advancements in artificial intelligence and high-performance computing.
The "debasement trade" narrative is gaining traction, with investors turning to assets like gold, silver, and Bitcoin as hedges against currency debasement.
The U.S. government is in partial shutdown, with expected interest rate cuts. The CME FedWatch Tool indicates a 92% probability of a 25 basis point cut at the next meeting, reducing rates to 3.75%–4.00%.
Bitcoin has risen 9% in October, reaching a new all-time high of $126,000.
