Currency Economy

Gold’s status as inflation hedge ‘somewhat exaggerated,’ says BlackRock exec

Cryptocurrency (Mar 11, 2021 07:40AM ET) Gold's status as inflation hedge 'somewhat exaggerated,' says BlackRock exec

Gold’s status as inflation hedge ‘somewhat exaggerated,’ says BlackRock exec

With the price of gold down more than 11% over the last six months, some investment managers are questioning its status as a hedge asset.

According to Bloomberg, Russ Koesterich, portfolio manager at BlackRock’s Global Allocation Fund, gold is currently failing to prove its effectiveness as a viable hedge against inflation.

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