Over the past 50 years or so, the dollar has made no sustained gains against the other major fiat currencies of the world. The other fiats have also done little or nothing versus the dollar.
I would like to update some long term charts for Gold to give you a feel for where Gold is at in its secular bull market that began at the 2000 double bottom low.
Russia's gold reserves have been increasing in the last few years, but it seems that inflationary woes in particular have the nation stocking up on the yellow metal again.
These secular bear market in the US Dollar lasts usually 6-8 years. The bull market likely ended early 2020. The $CRB has started a secular bull market..
