Gold Passes $4,000 Per Ounce; IMF Warns Banks Prepare for “DOLLAR SHOCK”

• Gold Passes $4,000 Per Ounce; IMF Warns Banks Prepare for “DOLLAR SHOCK”
  by https://halturnerradioshow.com/
  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.”
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  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.
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  Spot gold is up 53% year-to-date after rising 27% in 2024.
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  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.
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  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.
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  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.
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