US Dollar Index Falls 10% In 2025 As Gold Hits $4,400 And Silver Surges 140%

The US Dollar Index has declined approximately 10% in 2025 while precious metals surge to all-time highs.

Economist Tyler Cowen warns the flight to gold and silver signals declining confidence in the dollar's role as the world's primary safe haven asset.

Gold is trading around $4,400 per ounce, up more than 66% year-to-date.

Silver has surged past $72 per ounce, gaining approximately 140% this year.

What Happened

The US Dollar Index (DXY) has fallen 9.4% against a basket of major currencies including the euro, yen, and pound through late December.