Gold races toward $5,000 as Ray Dalio warns of ‘capital wars’ and dollar strain
Gold hit a record $4,993.02 an ounce Friday, silver topped $100, as investors sought safe havens amid geopolitical tensions and a weaker dollar. Ray Dalio warned at Davos that the old “rule-based” order is gone, raising the risk of “capital wars.” Asset managers promoted gold and bitcoin as hedges against inflation and currency debasement. The dollar index fell 1.65% this week after tariff threats over Greenland.