In the News: Reuters

Accommodative monetary policy and low interest rates may be good for gold in the medium term, portfolio manager Axel Merk tells Reuters

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'The Fed needs to err on the side of inflation, they cannot mop up liquidity too early.'[…] 'This just reaffirms that the Fed is looking for every excuse in the book to try to keep interest rates as low as possible and to keep monetary policy as accommodative as possible, and that's a plus for gold in the medium term,' said Axel Merk, chief investment officer of Merk Funds with about $700 million in asset. ..."