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

Cointelegraph

Published Mar 11, 2021 06:03AM ET

Updated Mar 11, 2021 07:40AM ET

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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