Gold futures opened at $4,523.50 per troy ounce, up 0.5% from the previous close of $4,502.80. Year-to-date, gold has gained over 74%, driven by safe-haven demand during times of economic uncertainty. The US Dollar Index is down 9.6% for the year, as central banks diversify away from the dollar. Gold’s one-year gain was 72.1% a year ago, and it was 72.9% on Dec. 24. Experts recommend gold allocations ranging from 0% to 20% based on individual investment goals and risk tolerance. Some advocate for a 5% to 15% long-term gold allocation. Stanzione recommends a 20% gold allocation for wealth protection.

Read more at Yahoo Finance: Gold opens above $4,500 for third consecutive trading day