Gold () futures opened at $3,348.90 per ounce Tuesday, up 0.5% from Monday’s close of $3,332.20. Gold has gained 27% this year, relative to its opening price of $2,633 on January 2, 2025.
The S&P 500 fell about 30 points Monday from its open after President Trump reported he’d sent tariff letters to foreign leaders. He shared 14 letters addressed to Japan, South Korea, South Africa, Malaysia, and others. The letters specified tariffs ranging from 25% to 40%, effective August 1. On Tuesday, China published a warning to the U.S., characterizing the tariffs as “bullying.” Escalating global trade tensions may increase gold demand as investors seek shelter from expected volatility in stock prices.
The opening price of gold futures on Tuesday is up 0.5% from Monday’s close of $3,332.20 per ounce. Tuesday’s opening price marks an increase of 1.2% over the past week, compared to the opening price of $3,310.10 on July 1. In the past month, the gold futures price has fallen 0.5% compared to the opening price of $3,364.30 on June 6, 2025. In the past year, gold is up 40.6% from the opening price of $2,381.70 on July 8, 2024.
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Investing in gold is a four-step process:
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Set your goal.
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Set an allocation.
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Choose a form.
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Consider your investment timeline.
Today, we’re delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy.
Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time.
Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities.
Scott Travers, author of ‘The Coin Collector’s Survival Manual” and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold’s historic behavior in light of your risk appetite should help you identify the right allocation percentage.
Whether you’re tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal’s steady upward climb in value.
Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years.
In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold’s underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage.
The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold’s January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase.
If you are interested in learning more about gold’s historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
