Gold price today, Friday, November 28: Gold rises with volatility amid outage

Core Insights - Gold futures experienced volatility due to a trading outage, with prices surpassing $4,200 after being below $4,100 for most of November [1] - The outage resulted in wider bid-ask spreads, temporarily reaching $20 per ounce compared to the normal spread of around $1 [2] - As of Friday morning, gold futures were 4.3% higher than the previous Monday's open, with a one-year gain of 63.4% as of November 14 [3] Price Changes - Gold's price increased by 5.1% over the past week, 7.8% over the past month, and 60.9% over the past year [6] Investment Strategies - Experts recommend varying gold allocations based on investment goals, with suggestions ranging from 0% to 20% [5][11] - A 2% to 5% allocation is suggested for income-focused investors, while growth-oriented investors may consider 10% to 15% [6] - Historical data supports a 5% to 8% allocation, emphasizing gold's resilience during economic uncertainty [8] - A long-term allocation of 5% to 15% is recommended, particularly through gold mining companies [9] Expert Opinions - Some experts argue against gold investing, citing the trade-off between reduced volatility and potential long-term returns [5] - Others advocate for a higher allocation, emphasizing gold's role in wealth protection and inflation hedging [11]