Gold is failing as a hedge against inflation, according to Russ Koesterich, Global Chief Investment Strategist of the world's largest asset manager, BlackRock, who last year said that gold is "still a buy." Gold's efficacy as a hedge is declining, said Koesterich in his blog post. While "gold and tech [stocks] are increasingly moving in tandem,"
Gold is failing as a hedge against inflation, according to Russ Koesterich, Global Chief Investment Strategist of the world's largest asset manager, BlackRock, who last year said that gold is "still a buy." Gold's efficacy as a hedge is declining, said Koesterich in his blog post. While "gold and tech [stocks] are increasingly moving in tandem,"
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