Gold prices are on the rise for the fourth consecutive week as expectations grow for a Federal Reserve interest rate cut. This week, the precious metal saw a 1.7% increase and hit a record high on Tuesday. Consumer sentiment dropped in September to its lowest point since May, while long-term inflation expectations have risen for the second month in a row. Merk Investments President Axel Merk shared his insights on the long-term outlook on Bloomberg Businessweek Daily.

Read more at Yahoo Finance: Gold Gains Continue on Fed Cut Expectations