Gold is often touted as a way to hedge against inflation — a risk that’s top of mind for investors right now. But gold hasn’t lived up to the hype. Its record has been spotty, according to historical data. An investment that hedges against inflation would generally rise along with the rapid growth in consumer prices. However, gold yielded a negative return for investors during some of the highest recent inflationary periods in the U.S. Investors worried about rising consumer prices may wish to consider other asset classes instead, according to Amy Arnott, a portfolio strategist at Morningstar. “Gold is really not a ... (full story)