With the Presidential Inauguration and the official commencement of Donald Trump’s four-year term, many investors are wondering how gold will fare. Axel Merk, the chief executive officer of Merk Investments, explained that immediately following the election, people had priced in higher real growth. “Now that he settles in, people will see the world more in shades of grey,” Merk told Kitco News, adding this will bode well for the yellow metal. He added that the market is pricing in a very hawkish Fed, but Merk is not convinced. “Yes, we will have higher rates but I think there will be higher nominal rates,” he explained. He added that he is still long-term bullish gold, “Many gold investors go away when the charts don’t look good, but in the long run, I like my gold.”
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