Video News/In Focus with Jeremy Szafron

Gold soared past $3,500 an ounce. Bitcoin broke $90,000. Treasury yields surged. And the IMF just cut its global growth forecast to 2.8% — the slowest since the pandemic. As safe-haven flows shift and capital moves away from U.S. assets, questions are rising about the future of the dollar, Federal Reserve independence, and the direction of global markets. In this Kitco News interview, Axel Merk, President and CIO of Merk Investments and portfolio manager of the ASA Gold and Precious Metals Fund, joins Jeremy Szafron to unpack what he calls “a structural shift” in the financial system. Merk explains why the U.S. is behaving more like a hedge fund than a central bank, why gold is signaling deep systemic stress, and why the market may be underreacting to the risks ahead. He also shares where smart money is going now — and why junior gold miners may offer critical upside as volatility grows.