Gold pushes lower in cautious trading ahead of PCE inflation numbers
Fidelity investment manager makes interesting adjustment in personal portfolio

(USAGOLD – 2/24/2023) – Gold drifted lower this morning in cautious trading ahead of PCE inflation numbers to be released later today. It is down $5 at $1820. Silver is down 26¢ at $21.12. The PCE index is expected to come in slightly higher than last month. Fidelity’s Becks Nunn says she has decided to add alternative investments, including gold, to her personal portfolio after the dismal showing of stocks and bonds over the past year.

“You need to consider what else you have in your portfolio,” she writes in an advisory published yesterday, “and whether you already have enough diversification. When I looked at my accounts holding report, I noticed my alternative investments sat at around 5%. I’ve now changed this so that I’m now roughly invested in 50% equities, 35% bonds and 15% weighted to property and gold. This feels about right to me as my investment horizon is still reasonably long. Of course, what’s right for you is something only you can decide.”