Bessent's interventions amount to QE, and 'gold is the must-have asset' - ByteTree's Morris

(Kitco News) – The U.S. government is effectively engaged in multiple major quantitative easing operations, and gold prices have moved higher as a result, with potential for plenty more gains ahead, according to Charlie Morris, CIO and founder of ByteTree.In the latest Atlas Pulse Gold Report, Morris said Treasury Secretary Scott Bessent’s new gambit of doubling the department’s purchases of long-dated Treasuries is an attempt to keep the government’s borrowing costs down.