Gold futures opened at $4,239.50 per troy ounce, down 0.1% from the previous day’s close, but then rose above $4,250. Traders are closely monitoring economic data to predict interest rate cuts. Initial unemployment claims were at a three-year low. Analysts expect a 2.9% increase in prices. Gold prices typically rise when interest rates fall and the economic outlook is uncertain. Different experts recommend gold allocations ranging from 0% to 20%. Factors like risk tolerance and asset mix should guide your allocation decision. Vince Stanzione suggests a 20% gold allocation for wealth protection.

Read more at Yahoo Finance: Gold remains above $4,200 amid mixed jobs data