New High for the Dow Jones Industrials Index

The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system.

Wikipedia

Looking at the chart it seems that every time the US left the gold standard it triggered a sharp rise in share prices. Since 1971 the gold price has been free-floating and US shares have enjoyed a long-running period of mostly rising prices.

This makes sense. Like property and gold itself, shares are real assets. Without the gold link, money is just paper, which can be printed by the people who control the presses. This phenomenon has driven much of the long bull run since 1971. The rise in share prices is partly illusory, spending power has risen much less. Gold is doing well these days which is the flipside of the falling value of paper money.