Is gold still a safe haven now that inflation is rising again?

MoneyWatch: Managing Your Money Is gold still a safe haven now that inflation is rising again? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications. Read Full Bio Angelica Leicht April 21, 2026 / 1:59 PM EDT / CBS News Add CBS News on Google Gold isn't a guaranteed shield against inflation, but it remains a useful tool when used thoughtfully. PeilingLeeCopyright/Getty Images A fresh surge in inflation is once again reshaping the financial conversation. After months of relative stability, a global energy shock tied to the conflict in Iran pushed U.S. consumer prices higher in March, with inflation climbing upward at 3.3%, its fastest pace in nearly two years. A jump in the inflation rate was widely anticipated given the ongoing turmoil, but the speed of the increase has sparked renewed concerns about how persistent price pressures could become.That shift is already influencing how Americans think about their money. After all, the higher costs that come with an uptick in inflation are just the latest stressor on people's budgets in this landscape, which has also been dotted by high borrowing costs, growing debt issues and other hurdles. In turn, households are once again forced to weigh the options that can help protect their purchasing power. And when inflation begins to accelerate, one asset class tends to command the spotlight: gold.Gold has long been viewed as a safe haven during uncertain economic periods. But after a volatile stretch that's incl...