Gold price today, Friday, October 10: Gold opens at $3,990.10 after confirmation of Middle East ceasefire

Group 1: Gold Price Movement - Gold futures opened at $3,990.10 per ounce on Friday, reflecting a 1.1% increase from Thursday's close of $3,946.30, and is 1.5% below the all-time high of $4,049.20 reached on Wednesday [1][2] - The price of gold has increased by 3.5% from the opening price of $3,855.20 one week ago and by 10.1% from the opening price of $3,625 on September 10 [4] Group 2: Market Influences - The recent ceasefire and hostage release in the Israel-Hamas conflict has reduced gold's appeal as a safe-haven asset, while the ongoing U.S. government shutdown and potential interest rate cuts may increase gold demand [2][3] - The U.S. government shutdown has delayed key economic reports, including employment data, which could influence market sentiment towards gold [2] Group 3: Investment Strategies - Experts recommend varying gold allocations based on investment goals, with suggestions ranging from 0% to 20% [6][12] - A 2% to 5% allocation is suggested for income-focused investors, while growth-oriented investors may consider 10% to 15% [8][10] - Historical data supports a gold allocation of 5% to 8%, emphasizing gold's resilience amid economic uncertainty [10]