After the new S&P 500 sets are expensive, the gold is under $3,300
Gold (gc = f) Futures opened on Monday at $3,284.30 per ounce, with the closing price on Friday up 0.3% from $3,273.70. This is the first time since June 2nd that gold has fallen below $3,300.
A slight reversal of gold comes later The S&P 500 set a new high on Fridaycloses at 6,173.07. Also on Friday, the PCE inflation report showed prices rose 2.3% in May, up from 2.1% in April. Analysts are looking closely at inflation to understand the impact of President Trump’s tariffs. There is a 10% unilateral customs duties, Trump’s higher country-specific tariffs will be suspended until July 9th Just as the US negotiates trade deals. The UK and China deal is ongoing, but many remain unresolved. Still, optimistic investors are pushing stock prices high.
The opening price of Friday’s gold futures rose 0.3%, up 0.3% from $3,273.70 per ounce from Friday’s closing price. Opening price on Monday fell 2.4% over the past week, compared to the opening price of $3,365.90 on June 23rd. The opening price for the past month has dropped by 0.9% compared to the opening price of $3,315.10 on May 30th.
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Investing in gold is a four-step process.
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Set goals
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Set the assignment
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Select the form
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Think about your investment timeline
The first step to investing in gold is to understand your goal of buying it.
Given the historical actions of gold, the three investment goals that are suitable for gold’s status are:
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Diversification into assets that move independently from stock prices
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Protection against inflation-related losses in purchased electricity
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A source of value and wealth in an unlikely economic collapse
Gold was part of a balanced portfolio considering its ability to retain or increase the value of other assets when it is decreasing. That’s why investors use gold as a stabilizer. Investors rely on gold strength during tough times to limit unrealized losses on stocks and limit inflation-related reductions in the purchasing power of cash deposits. That’s exactly what we’re seeing right in front of our eyes.
Gold is also a widely recognized and valuable storage. So precious metals can potentially stand as a medium of exchange if the dollar collapses.
“I recommend buying a little money as a hedge against disaster,” said Scott Travers, author of Coin Collector’s Survival Manual and editor of the “Coinage” magazine.
learn more: How to invest in gold in four steps
Whether you track gold prices from last month or last year, the amount chart below shows the stable upward value of precious metals.
Historically, gold has shown extended cycles and downcycles. Precious metals were in the growth stage from 2009 to 2011. It then fell, and it was unable to set a new high for nine years.
In these inactive years for gold, your position will have a negative impact on your overall investment return. If that seems to be a problem, a lower allocation rate is more appropriate. On the other hand, you may be willing to accept a low-performing year in gold, so you can benefit more in a good year. In this case, you can target a higher percentage.
Precious metals have been in the news recently, and many analysts are bullish on gold. In May, a Goldman Sachs survey predicted that gold would reach $3,700 per troy ounce by 2025. This corresponds to a 40% increase per year based on the opening price of $2,633 on Friday January 2nd. Increased demand from central banks is a factor that drives the rise, along with uncertainty associated with changes in US tariff policies.
If you want to learn more about the historical value of gold, Yahoo Finance tracks gold historical prices Since 2000.