inflation fears set in, gold was up despite $

http://www.thestreet.com/story/10645802/1/stocks-close-lower-as-inflation-fears-rise.html?cm_ven=GOOGLEN

Inflation fears set in. Gold was up despite dollar rally.

The US economy is still in deep trouble with high real unemployment rate of close to 20%, low consumption, negative equity in properties, etc. The Fed knows all this, though they sometimes hide certain data to the public.

Interest rate is not likely to increase for at least 6-9 months. With them keep printing USD, inflation is likely to be up, and gold is a natural hedge against inflation. Naturally gold price should go up.