Axel Merk thinks the shift in market sentiment back to risk-on stocks since Friday won't change his view on gold. Despite the precious metal being down 10% from its highs, Merk believes fundamental shifts in the financial system, such as higher borrowing costs due to tariffs and pressure on the U.S. deficits, will continue to support gold prices in the long run.
Market On Close
14 May 2025
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