After stretching above $4,100 Thursday, the gold price has pulled back slightly. 24/7 gold price tracking: Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. 5% to 8% gold allocationBlake McLaughlin, executive vice president at Axcap Ventures, said historical data support a gold allocation of 5% to 8%. Or, if your home is paid for and more valuable than your stock portfolio, gold investing may not be necessary. 20% gold allocationVince Stanzione, CEO and founder at First Information, recommends a 20% gold allocation, specifically in physical gold or a gold ETF.