Gold Surges Amid Stagflation Fears and Dollar Weakness

The recent FOMC decision has led to a regime of fiscal dominance, and I'm assigning a Strong Buy rating to gold and the leading physical gold ETF cluster.

Fed Chair Kevin Warsh's hawkish hikes were neutralized by Treasury Secretary Bessent's stealth yield curve control, driving a currency debasement tailwind for gold.

The traditional inverse correlation between gold and real yields is obsolete; gold now trades as a sovereign CDS amid stagflationary shocks and sovereign risk.