Gold moves higher ahead of inflation report

The price of golden futures () opened at $ 3,346.30 an ounce on Tuesday, an increase of 0.4 % from the closure of Monday, of $ 3332.10. The price of gold briefly decreased to less than 3300 dollars on Monday, as investors were waiting for inflation and updates about commercial negotiations with China.

The Consumer Price Index Office (CPI) will issue on Wednesday. According to estimates, an open financial estimates platform, analysts believe that the consumer price index increased by 0.2 % in May, which is equivalent to the annual inflation rate of 2.5 % compared to 2.3 % in April.

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The American -Chinese commercial conversations began on Monday amid increasing concern among auto companies and robotics companies about export limits in China on rare Earth minerals, which are necessary to produce electric vehicles. Worse inflation data from expected or suspended commercial conversations can push the price of gold.

The opening price of the golden futures contracts on Tuesday increased by 0.4 % from the closure of Monday of $ 3332.10 an ounce. The opening price on Tuesday represents a decrease of 1.1 % during the past week, compared to the opening price of $ 3,385.10 on June 3. Last month, the price of golden futures increased by 1.4 % compared to the opening price of $ 3.299 on May 9.

24/7 Tracking gold prices: Do not forget 24 hours a day, seven days a week.

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Investing in gold is a process of four steps:

1. Set your goal.

2. Set the customization.

3. Choose a model.

4. Consider your investment schedule.

Today, we delve into step 2, and determine the allocation of the appropriate gold. After setting your investment goals to buy gold in the first place, the following is the understanding of the amount that must be purchased.

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The customization is the formation of your wallet across different types of assets, such as stocks, bonds and gold. Setting the target assignment for each type of asset helps you to control the risk in the long run because the values ​​of assets change over time.

Arrows are estimated, for example. Unless you periodically re -balance your purpose to restore the customization of the target, the estimate can leave you more focused in stocks.

Scott Traves, author of the book “The Coin Coin Coin Collector Survival Canual” and Magazine Coinage Editor with 5 % to 15 % of your wealth in gold. Other experts advise up to 20 % if you bear the risks. Reviewing the historical behavior of gold in light of the appetite for risk should help determine the right network degree.

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Also remember that your target allocation includes the value of the gold you already own. Travers recommend check your jewelry box before buying more gold. Given the high value of sharp gold over the past 12 months and more, your golden jewelry may be more than you think.

Traves warn against selling your jewelry to buy gold coins because you will pay the agent fee on both transactions.

Whether you are tracking the price of gold since last month or last year, the gold price drawing below shows the fixed ups in the fixed minerals in the value.

Historically, gold showed the courses extending up and down. The precious metal was in the growth phase from 2009 to 2011. Then he went down, and failed to put a new new level for nine years.

In those dull years of gold, your situation will negatively affect the overall investment returns. If this feels problems, the low allocation rate is more convenient. On the other hand, you may be ready to accept the weak years of gold so that you can benefit more in good years. In this case, you can target a higher percentage.

The precious metal was in the news recently, and many analysts are optimistic about gold. In May, Goldman Sachs Research expected to reach $ 3700 an ounce by the end of the year 2025. This is equivalent to a 40 % increase for this year, based on the opening price in Gold 2 January of $ 2,633. The high demand from central banks, in addition to uncertainty about changing the policy of American tariffs, is the factors that drive the increase.

If you are interested in learn more about the historical value of Gold, Since 2000.