Axel Merk: Treasury Is Patching the Problem—and Gold Loves It
Gold surged after Treasury Secretary Scott Bessent announced plans to more than double buybacks of longer-dated U.S. government debt. Axel Merk of Merk Investments joins Trevor Hall to break down what the move really means for the Treasury market, interest rates, the U.S. dollar, and precious metals—and why the signaling from Washington may be more important than the actual size of the program.
Axel explains why long-term Treasury yields have climbed toward levels not seen in nearly two decades, how persistent U.S. deficits are affecting the cost of capital, and why Treasury's intervention…
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