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3232Blackrock Executive Says Gold Now Less Effective Hedge Against Inflation
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Sat, 13 Mar 2021 10:30:47 +0000https://www.digit.info/2021/03/13/blackrock-executive-says-gold-now-less-effective-hedge-against-inflation/Read more]]>A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” […]
A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” […]