Gold is back in investment vogue with bulls loving faster inflation again

For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm.  

While bullion is often bought as a way to protect wealth when consumer prices are climbing, this year’s inflation had weighed on the metal as investors bet that it would spur the Federal Reserve to scale back huge stimulus measures. But with the Fed determined to keep rates low while unemployment remains elevated, worries about out-of-control inflation are boosting gold’s allure. 

That was clear on Wednesday, when gold jumped to break out of a 15-month downtrend after