The price for one ounce of Gold has broken-through $4,000 an ounce for the first time as of the early morning hours (on US East Coast) on October 8. Meanwhile, the International Monetary Fund is warning banks to prepare for "Dollar shock" and have sufficient Foreign Exchange (FX) funds to cover "US Dollar exposure."
Spot gold jumped 1.2% to $4,032.46 per ounce by 06:53 GMT. US gold futures for December delivery climbed 1.3% to $4,054.80 per ounce.
Spot gold is up 53% year-to-date after rising 27% in 2024.
INTERNATIONAL MONETARY FUND WARNS BANKS
Financial institutions that dominate the $9.6 trillion currency market should hold the necessary liquidity and capital buffers and run enhanced stress tests to prevent disruptions to the financial system, according to an International Monetary Fund report released on Tuesday, October 7, 2025.
Global banks have significant dollar exposure in their balance sheets, making them vulnerable to potential funding shocks.
Stress in the FX market "can spill over to other asset classes, tightening financial conditions and posing risks to macro financial stability—especially in countries with significant currency mismatches and fiscal vulnerabilities," the IMF added.
The fact that the International Monetary Fund (IMF) is using terminology like "dollar exposure," by its very nature, is treating the "dollar" as a not-so-good thing to be holding.
UPDATE 12:45 PM EDT --
Gold futures at this hour have risen again:
We are all watching, in real time, the collapse in purchasing power of our US Dollar. The higher gold goes, the less our money can buy -- of everything else.
This appears TO ME, to be the collapse of the US currency - slowly but surely.
