Gold’s March to $4,000 Continues According to Bank of America

A Weak Dollar Isn’t a Fluke—It’s a Feature of the System The U.S. dollar index has slid to just under 98. That’s not an accident. It’s what happens when your government prints money like there’s no tomorrow and your central bank gets trapped between inflation and recession. The talking heads still like to pretend the Fed has “tools” and “credibility.” But when you break it down, here’s what we’ve got: Sticky inflation around 3% or more Weakening labor market data Political pressure mounting on the Fed And a country more than $34 trillion in debt It’s a powder keg. The Fed can’t raise rates without blowing up the debt. But if they cut, the dollar sinks and inflation roars back.…