Gold and silver rallied to fresh all-time highs on escalating geopolitical tensions and prospects for more US rate cuts. Gold prices are up more than two-thirds this year and are on track for its best annual performance since 1979, underpinned by elevated central-bank purchases and inflows into exchange-traded funds. Merk Investments President & CIO Axel Merk joined Caroline Hyde and Romaine Bostick on 'Bloomberg Businessweek Daily' to break it down. -------- Watch Bloomberg Radio LIVE on