Inflation: Why Hasn’t Gold Gone Up?

From orbex.com

Some investors are puzzled as to why the price of gold hasn’t been increasing lately. In fact, it peaked last year, and since then it has been largely trading lower. On the other hand, inflation went up during that period and continues to rise, particularly in the currency that the safe haven asset is priced in – the dollar. But isn’t gold a hedge against inflation? What’s going on? There are some technical and fundamental complications to explain the movement, just like with most commodity price issues. And when it comes to gold, geopolitics is another factor as well. Let’s break down the key elements to ... (full story)