Gold climbs more than 2% on softer dollar, easing expectations of higher rates - Reuters

The dollar's losing its grip and the Fed's hawkish theater is cracking. When both happen simultaneously, gold gets turbo-charged. We're seeing classic monetary debasement mechanics play out in real time. The 2% pop isn't noise - it's institutional money finally accepting that rates have peaked and currency devaluation is the only path forward. COMEX registered inventories are already razor-thin at 71 million ounces. Add weakening dollar sentiment to the mix and physical demand will overwhelm paper games. This isn't a trading bounce. It's the market pricing in what stackers have known since 2008 - fiat currencies always lose purchasing power over time.