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Experts Divided: How Much Gold Should You Own?
6 Dec
Summary
- Gold futures opened slightly down but moved above $4,250 Friday.
- Mixed economic data impacts investor decisions on interest rates.
- Experts suggest gold allocations ranging from 0% to 20%.
Gold futures experienced a minor decline at Friday's open, trading at $4,239.50 per troy ounce, a slight decrease from the previous day's close. Despite this initial dip, the price quickly surpassed $4,250, reflecting ongoing market volatility. Traders are closely monitoring economic indicators this week for clues regarding potential interest-rate adjustments later in 2025.
The latest employment reports have presented a mixed picture, with significant job losses reported alongside a positive manufacturing trend. Investors are now anticipating the September PCE inflation report, which could influence the Federal Reserve's decisions on interest rates, especially if inflation proves higher than expected.
Amidst this economic uncertainty, experts offer divergent views on the optimal allocation for gold in investment portfolios. Recommendations span from no gold at all to a substantial 20% stake, with considerations for individual risk tolerance, investment goals, and the desire for stability versus growth potential.
