Gold prices are moving up sharply today as the euro is stabilizing against the U.S. dollar. If you have not rebalanced your portfolio in the last six months, now may be the time for a portfolio review. What is your economic outlook for the next 3-5 years? A well-diversified asset allocation strategy — one that includes Gold and Silver — may help mitigate portfolio risk and provide balance.
The Year-end liquidity Push is winding down. Historically, at the end of any calendar year, hedge funds and investors in general rebalance portfolios. Gold can get caught up in this liquidity (move-to-cash) event. With the new year under way, this activity should be settling, and Gold may begin to move more in line with news and events.
An article from CNBC makes three important points about the jump in Gold prices:
1. The price of Gold has breached a key 200-day moving average. Technical analysts say a close above this level could spark fresh momentum for the metal.
2. The market is still dealing with a sovereign debt crisis in the euro zone. Gold should be well-supported against this backdrop.
3. Buyers in India are stocking up ahead of the wedding season later this month. Buying there is expected to continue through March.
What percent of your investable assets should be allocated to Gold? The percent of your portfolio you choose to commit to Precious Metals depends on your personal goals and risk tolerance, as well as your outlook for the economy. Consider your allocations across your IRA, 401(k) and personal portfolio.
To stay ahead of the trends, check out the APMEX Daily Gold & Silver Market Report, updated three times throughout the trading day.
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