Why is gold falling as inflation rises? The inflation hedge myth, explained

Gold is experiencing a fourth consecutive monthly decline despite a three-year high in US inflation, challenging its traditional role as a hedge against inflation. The key factor behind this surprising trend is higher interest rates, which make gold less attractive to investors. Historically, gold has been seen as a safe haven during inflationary periods, but current economic dynamics suggest that rising rates are now more influential than inflation in determining gold's value. This shift underscores a broader reevaluation of traditional investment strategies in light of changing economic conditions.