In the News: Reuters

Gold may benefit from Bernanke's next move, portfolio manager Axel Merk tells Reuters

"...'Given the context of the FOMC minutes in which policymakers are looking to boost growth, whatever tools Bernanke will come up with are likely to be bullish for gold,' said Axel Merk, chief investment officer of Merk Funds, which has $600 million in currency mutual-fund assets including gold.

Merk said Fed Chairman Ben Bernanke should explain his reasons for more stimulus from the U.S. central bank at the Aug. 31 meeting of economists and central bankers at Jackson Hole, Wyoming.