Why BlackRock's Koesterich Cut Gold in Portfolio to Near-Zero

The video discusses the outlook on commodities, focusing on oil and gold. It explains the strategic reduction of gold in portfolios due to changing real rates and its role as a hedge against equity risk rather than inflation. The discussion highlights that gold is not the best short-term inflation hedge, suggesting equities with pricing power as better alternatives.

What is the primary reason for reducing the position in gold according to the text?

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How does the speaker view gold in relation to equity risk?

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What is the speaker's perspective on the effectiveness of gold as an inflation hedge?

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What does the speaker suggest as better hedges against inflation in the near term?

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What sectors does the speaker mention as having companies that can raise prices?

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