Gold not an inflation hedge, despite what people think

As US interest rates have risen, owning gold has been a loser's game for anyone trying to hedge against inflation. Gold isn't a smart inflation hedge, but many have been using it that way because they think they have few alternatives.

via Business feed http://www.scmp.com/business/commodities/article/1284928/gold-not-inflation-hedge-despite-what-people-think