Since (in a repeat of the early 1930s) the US is trying to devalue its currency (via massive printing of money), and the other major countries are trying to keep up – it isn’t a surprise that gold is raising in price relative to the American dollar. Some currencies are gaining rapidly on the dollar (e.g. Australian Dollar, Swiss Frank) since those countries aren’t printing currency fast enough (or at all) to keep up with the U.S.

The headline might better ready “dollar sinks to new low”.