Gold futures opened at $4,074.90 per ounce, up 0.4% from Thursday. The price declined in early trading but is heavily influenced by interest rates. An increase in the probability of a rate reduction in December could boost gold demand. The latest employment report showed mixed progress, with 119,000 jobs added in September but a rise in the unemployment rate to 4.4%. Experts recommend gold allocations ranging from 0% to 20% based on risk tolerance and financial assets mix. Some suggest a 20% allocation for wealth protection due to gold’s ability to retain purchasing power.

Read more at Yahoo Finance: Gold holds below $4,100 after jobs report