In this week's episode of WSJ’s Take On the Week, co-hosts Telis Demos is joined by Miriam Gottfried to tackle gold’s continued rally. They discuss the debate over whether its surge is a bet against the U.S. dollar or simply "catastrophe insurance" against a faltering AI-led stock market. Plus, with the U.S. government shutdown delaying key economic reports, investors are turning to Bank of America, Carlyle Group and likely this week’s bank earnings for clues on the economy's health.

After the break, Telis is joined by Chris Whalen, chairman of Whalen Global Advisors, and they get into this week’s coming earnings from JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and more. Whalen explains why real trouble is brewing for banks in commercial real estate and private equity. And he shares what indicators he is looking out for in their earnings this coming week.

This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.

Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.

To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com

Further Reading:

Gold Prices Top $4,000 for First Time

Gold Screams ‘Debasement Trade.’ Bonds Say Otherwise.

Stocks Fall After Report Raises Concerns About AI Profitability

A New Wall Street Trade Is Powering Gold and Hitting Currencies

The Unofficial Jobs Numbers Are In and It’s Rough Out There

Big Banks Are Spinning Market Chaos Into Gold

Credit-Card Users Are Cautious Now. Rate Cuts Could Open the Floodgates.

Want to Know Where the Economy Is Headed? Look at These Banks

For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog.

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Follow Gunjan Banerji here and Telis Demos here.

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