Global Economic Risks Spark Calls to Tie US Dollar to Gold Again

Some economists advocate a return to the gold standard, criticizing the fiat currency system as the root cause of government overspending and inflation.

Three 1-kilogram gold bullion bars at a gold dealer's shop, in Birmingham, England, on Dec. 13, 2023. Christopher Furlong/Getty Images

News Analysis

Experts see the simultaneous rise in gold prices and the U.S. dollar—a rare market phenomenon—as signs of growing concerns about global economic risks. The situation has reignited discussions about returning to the gold standard, a position championed by conservative economists.