Gold opens above $ 3400 after American bombs Iranian nuclear sites

gold (Futures opened at $ 3,400.70 an ounce Monday, an increase of 1 % of the end of Friday, of $ 3,368.10. Gold’s Strong Open follows an American strike on Iranian nuclear sites on Saturday.

The United States is involved in the Israeli conflict, Iran adds uncertainty to a temporary economic view. Some analysts believe that the war in the Middle East can send oil prices to the top, which increases inflation in the United States as well as inflationary pressure from President Donald Trump’s tariff, and this can force the Federal Reserve to maintain high interest rates. Other analysts say the most dramatic Middle East conflict can encourage the Fed Bank to lower rates of maintenance of the labor market. The demand for gold is still high during periods of economic and geopolitical uncertainty.

The opening price of gold contracts on Monday increased by 1 % of the end of Friday, of $ 3,368.10 an ounce. The opening price on Monday represents a decrease of 1.2 % during the past week, compared to the opening price of $ 3442 on June 16. Last month, the price of golden futures increased by 2.2 % compared to the opening price of $ 3,328 on May 23.

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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.”

Learn more: How to invest in gold in four steps

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 predicted Gold will reach 3,700 dollars 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 on January 2 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.