Key takeaways
- The precious metal's price hasn't exactly performed like you'd expect it do during this stretch.
- Given that inflation has not only remained elevated but actually inched higher over the course of the past twelve months, one would presume gold prices have also soared during this stretch.
- Had you invested $10,000 a year ago when gold's price was $4,116.30 per ounce, today that holding would only be worth $9,838.45.
Gold is generally a great hedge against the sort of inflation we've seen of late. Inflation alone doesn't drive the commodity's price higher or lower.
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