The world's central banks, which have maintained an unprecedented ultra-loose monetary policy stance, are likely to up the ante even further, according to noted analyst Marc Faber.
Faber said US stocks are on the "high side" right now, despite Tuesday's decline, and expectations are quite high, which can lead to big disappointments such as Apple after issuing a softer revenue outlook. The company's earnings just beat estimates, turning off investors.
The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.
Spot gold was little changed at USD 1,207.01 an ounce by 0048 GMT, after dropping 0.3 percent in the previous session.
Gold struggled near its lowest in a week on Wednesday, holding steep overnight losses triggered by a stronger dollar and stock market, with traders now waiting for minutes of the Federal Reserve's last policy meet for clues on the US rate outlook.
Bond yield differentials traditionally drive currencies by influencing where investors put their money but massive amounts of central bank stimulus and money printing since the financial crisis has dented yields in developed economies.
Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from 'Dr. Doom' Marc Faber.