dollar strength vs gold

DXY at a 13-month high while gold gets hammered. This is textbook risk-off flow driven by hawkish Fed repricing. Gold's drop confirms real rates are the dominant driver right now, not inflation hedging. Crypto tends to correlate with gold during liquidity stress, so BTC's resilience is worth watching. I'm not shorting gold here, but I'm also not buying the dip in risk assets until DXY shows signs of rolling over.