Last week, the price of gold moved up to $1,800 per ounce following the U.S. consumer price index report on Wednesday (October 13). The yellow metal then pulled back to the support level at $1,750 per ounce, ending the week at $1,768.30 per ounce. Fox Business reports, “The Consumer Price Index rose 5.4% year over year in September, according to the Labor Department, matching the July reading for the hottest print since 2008. … Food prices jumped 0.9% last month and are now up 4.6% annually, according to the index. The price for meats, poultry, fish and eggs soared 10.5% this year, with beef prices climbing a whopping 17.6%. … Americans are also dealing with soaring costs for energy, which climbed 1.3% in September and is now up 24.8% over the past year.” The costs of energy for transportation will continue to be high, while the shortage of dock workers, truck drivers, and laborers in the supply chain will make for a scarcity of goods—both driving up prices for the foreseeable future. Inflation may be with us longer than many had hoped, turning this winter dark. To brighten up their portfolios, investors may want to consider the shiny metal that tends to hold its value against inflation: gold. Rick Andrews is president of Avant Capital Management.