Gold remains higher than $ 3400 before the inflation report

gold (Futures opened at 3,458.10 dollars an ounce Monday, an increase of 0.6 % from the end of Friday, of $ 3,439.10. Gold reached midday on Friday at $ 3477.

Many mutual definitions of President Trump Sari, including imposing one kilogram tax and facilitators of gold bars 100 ounces from Switzerland. Investors will closely monitor economic data to understand the impact of the price of definitions and predicting Federal Reserve movements in the future on interest rates. The consumer price index report will not be available for August for several weeks, but the consumer price index data will be issued in July on Tuesday. Analysts expect an increase on an annual basis of 2.8 %, up from 2.7 % in June. Most of them also expect the Federal Reserve to reduce interest rates by 25 basis points in September.

High inflation and low interest rates can increase the demand for gold.

Learn more: How to invest in gold in four steps

The opening price of gold contracts on Monday increased by 0.6 % from the end of Friday, of $ 3,439.10 an ounce. The opening price on Monday represents a 2.7 % profit for the opening price of $ 3,367.60 a week ago on August 4. Last month, the price of golden futures increased by 3.8 % compared to the opening price of $ 3,330.50 on August 11, 2024.

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Investing in gold is a process of four steps:

1. Set your goal

2. Determination setting

3. Choose a model

4. Consider your investment schedule

The first step to invest in gold is to understand your goals to buy them.

Given the historical behavior of gold, there are three appropriate investment goals for a golden position:

1. Diversification in an independent origin from stock prices

2. Protection from the loss of purchase of inflation

3. The source of the backup of value and wealth in an unlikely economic collapse

Gold has always been part of a balanced wallet due to its ability to keep the value of its value – or even increase – when the value of other assets decreases. This is why investors use gold as a stabilization. Investors depend on the strength of gold in difficult times to reduce the unrealized losses in stocks and reductions related to inflation in the power to buy cash deposits. This is exactly what we see now in front of our eyes.

Gold is also a large -scale recognized store. As such, the precious metal can stand as a way to exchange if the dollar collapses.

“Coinage” Magazine, in an interview with Bottlely, INC. , “I recommend that everyone buy a little gold as a hedge against the disaster.”

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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, Yahoo financing tracks the historical price of gold Since 2000.