Kristen Bitterly states that Citi Wealth is "still holding onto our gold position" as a hedge against inflationary pressure from the war. Gold historically performs during inflationary shocks and geopolitical uncertainty, providing portfolio diversification and protection. WATCH because it's held as a strategic hedge rather than for immediate upside, warranting monitoring for entry or exit based on inflation trends. If inflation moderates or the U.S. dollar strengthens, gold could underperform or sell off.