Gold: Not An Inflation Hedge, But A Diversifier
b"The gold price was down along with the U.S. Dollar after Jerome Powell's commentary. With higher interest rates, should investors hold onto hold that does not pay dividends or interest? Carley Garner says that a good entry point could be the 200-day moving average, which is $1,880 or $1,850 for gold. Investors are looking for alternative assets as cryptocurrencies have lost some of their luster. Is gold an inflation hedge? Garner says no, but that the commodity is a diversifier."