This week&#x27;s interview is with Axel Merk, president of Merk Investments and a frequent commentator in the financial news media and here on our Money Metals podcast.<br>Merk offers a different take on the recent gold correction, arguing that markets are treating the Iran conflict as a temporary shock rather than a lasting structural change.<br>Don&#x27;t forget to also follow us on social media for more important precious metals updates!<br>https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

The Gold &amp; Silver Market Just Got Spooked; Here's Why...

Money Metals' Weekly Market Wrap Podcast

# Full Transcript

**Podcast:** Money Metals' Weekly Market Wrap on iTunes

## Transcript

Welcome to this week's Money Metals Podcast, helping gold and silver investors during these turbulent times. Now, this week's Market Wrap with commentary and analysis from Money Metals Exchange, the company named Best Overall Precious Metals Dealer by Investopedia. Welcome to this week's Market Wrap Podcast. I'm Stephen Gleason.

Coming up in a moment, we will be joined by Axel Merck, President of Merck Investments and a frequent financial market commentator. Merck offers a different take on the recent gold correction, arguing that markets are treating the Iran conflict as a temporary shock rather than a lasting structural change. Merck also tackles the bigger picture, government debt, monetary policy, and gold's long-term outlook. And as a reminder, please download, like, rate, and subscribe to this podcast wherever you consume this content.

Well, gold and silver are ending the week under significant pressure after a surprisingly strong U.S. jobs report fueled expectations that the Federal Reserve may keep interest rates elevated for longer than previously anticipated. The major market-moving event came Friday morning when the Labor Department reported that the U.S. economy added approximately 172,000 jobs in May, nearly double economists' expectations.

The unemployment rate remained relatively stable, while wage growth continued to show resilience. This stronger-than-expected employment data immediately pushed Treasury yields higher and strengthened the U.S. dollar as traders reduced expectations for near-term Federal Reserve rate cuts. In fact, some market participants are now questioning whether the Fed will be able to cut rates at all this year if inflation remains stubbornly above target.

That shift in interest rate expectation appears to be the primary catalyst behind today's sharp correction in both gold and silver. The jobs report landed just one day after several Fed officials reinforced a cautious stance on monetary policy. Kansas City Fed President Jeffrey Schmidt said policymakers currently face a choice between remaining patient or potentially tightening policy further if inflation fails to move back toward the Fed's target.

Meanwhile, San Francisco Fed President Mary Daly emphasized that future policy decisions will depend on incoming economic data, while noting that monetary policy remains in a good position to respond as conditions evolve. Taken together, the message from policymakers is clear. The Fed is growing a bit worried about the inflation it has caused. Meanwhile, geopolitical tensions continue to provide an important backdrop for precious metals markets.

Hopes for a broader diplomatic breakthrough between the U.S. and Iran faded this week after Iran-backed Hezbollah rejected a new ceasefire proposal in Lebanon. Israel also signaled it would not withdraw forces from the region, complicating efforts by the Trump administration t...

The Gold & Silver Market Just Got Spooked; Here's Why...

Transcript

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The Gold &amp; Silver Market Just Got Spooked; Here's Why...

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

The Gold & Silver Market Just Got Spooked; Here's Why...

Every day you wait, your competitors are finding
edge in conversations you're not hearing.