Gold can go higher even if the Fed doesn’t start yield curve control program – Merk

U.S. monetary policy and government stimulus measures will continue to support gold prices above $1,800 an ounce even if the Federal Reserve doesn’t use any type of yield curve control measures.
Expectations are growing for the U.S. central bank to launch a program that will cap low-end interest rate yields as early as September; however, Axel Merk, president and chief investment officer at Merk Investments, said that this type of program would send the wrong signal to financial markets.
“Yield curve control, I think is a rather stupid concept, if I could use that eloquent word, because then you draw a red line and when you draw a red line, you're inviting the markets for a fight,” he said. (show less)

U.S. monetary policy and government stimulus measures will continue to support gold prices above $1,800 an ounce even if the Federal Reserve doesn’t use any type of yield curve control measures.
Expectations are growing for the U.S. central bank to launch a program that will cap low-end interest rate yields as early as September; however, Axel Merk, president and chief investment officer at Merk Investments, said that this type of program would send the wrong ... (read more)

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