Gill Hutchison: Using gold to hedge inflation in mixed-asset portfolios

Gold and gold-related equities are structural features of a number of popular managed funds as this most familiar of commodities can play a multi-faceted role in investment portfolios. Most obviously, it remains one of the most enduring safe havens. Are you worried about a new military conflict? Hold some gold. Are you concerned that President Trump's policies will cause economic mayhem? Hold some gold. Do you think equity markets are vulnerable? Hold some gold. That said, gold does not always behave as it should - its price still matters (fortunately). We saw this after the gold pric...