Experts anticipate for the fall of 2024 in terms of gold prices

The price of gold has hit numerous new record highs this year.

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The rally started in March 2024, where the price for one troy ounce of gold went to $2,160.

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From there, the value of gold would hit a couple more key milestones,

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While it has come down a bit from that point—on August 12, 2024, gold stood at $2,441 per ounce—the price of gold is still trading more than $500

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According to most experts we spoke to, the price of gold could rise this fall due to variables such as geopolitical turmoil and economic uncertainty

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"There's also increased demand from industry for the precious metal. As these large buyers buy gold, the supply is going to drop out of the system

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gold will either remain unchanged or increase, predicts Dr. Peter C. Earle, senior economist at the American Institute for Economic Research.

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big interest-rate cuts could cause gold prices to come down or go flat, as gold tends to appreciate in a high-rate environment.

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Among other reasons, some factors are against the growth of the gold price. For example, the author specifies that the gold price

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