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Gold Soars to Record Highs Amid Dollar Decline

10/7/2025

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Summary

Story summary

Hedge fund manager Kenneth Griffin warns inflation remains above target and sovereign risk are driving investors to gold and cryptocurrencies, with the dollar depreciating at a 50-year pace.
Gold hits record highs and cryptocurrencies rise as investors seek alternatives, with gold trading at $3,964.53 per ounce.
Economist Peter Schiff predicts gold could soar to $20,000 due to ongoing dollar decline.

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Story summary

Hedge fund manager Kenneth Griffin warns inflation remains above target and sovereign risk are driving investors to gold and cryptocurrencies, with the dollar depreciating at a 50-year pace.
Gold hits record highs and cryptocurrencies rise as investors seek alternatives, with gold trading at $3,964.53 per ounce.
Economist Peter Schiff predicts gold could soar to $20,000 due to ongoing dollar decline.