Gold is not moving much.
My view. Gold isn’t so much a hedge against inflation. You expect inflation, buy stocks. Companies can increase their prices to adjust. In this case we are still talking about return. Gold is really more of a SHTF investment. Armies are advancing... sell your assets, buy gold, get out of Dodge. Doomsday. Do you need a hedge against Doomsday? You have to decide that for yourself. It never hurts to hedge against everything.