Gold futures opened at $3,986.90 per ounce on Friday, remaining nearly the same as Thursday’s close of $3,991. The price of gold rose above $4,000 in early trading.

Gold’s small boost Friday morning follows a down week for stock prices. The three major indexes have produced losses this week, with the Nasdaq down 3.7% since Monday’s open.

Investor Michael Burry bet against leading AI stocks Nvidia and Palantir, raising concerns about high valuations in the tech sector.

An uncertain outlook for stock prices often drives higher safe-haven demand for gold, leading to a flat opening price for gold futures on Friday compared to Thursday’s close.

Gold futures were down 1.2% one week ago, up 0.7% one month ago, and up 49.7% from one year ago. Just last month, gold futures were up 62.4% from one year ago.

Experts recommend gold allocations ranging from 0% to 20% based on investment goals and risk tolerance.

Gold may add stability and inflation protection to a portfolio, but finding the right balance between diversification benefits and growth potential in other assets can be challenging.

Historical data support a gold allocation of 5% to 8%, as the metal offers resilience amid economic uncertainty and geopolitical unrest.

Most investors may benefit from a long-term gold allocation of 5% to 15%, especially in gold mining companies through mutual funds for added diversification.

Having a balanced allocation of financial and hard assets can guide you to an appropriate gold allocation based on risk tolerance and wealth distribution.

CEO Vince Stanzione recommends a 20% gold allocation for wealth protection, as gold retains purchasing power and keeps up with inflation better than paper currencies.

Tracking the steady upward climb in the value of gold can help investors make informed decisions about their gold allocation.

Read more at Yahoo Finance: Gold moves above $4,000 after stock prices dip