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How high will the price of gold climb this fall? Here’s what experts say
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The price of gold has climbed steadily since March, and much of that upswing has to do with the current economic climate. With high inflation, elevated interest rates and a looming presidential election, many have invested in gold to protect their wealth.
“During times of uncertainty, gold can serve as a safe haven,” says Sean Mason, an investment advisor representative with Fresno Financial Advisors.
This flock toward safety has caused gold to reach record highs several times, eventually surpassing $2,500 per ounce in August. And while inflation has cooled in recent months (and the Fed is expected to make a rate cut soon due to that drop), most experts think gold’s price surge will continue through 2024.
Find out more about how adding gold to your portfolio could be a smart move this fall.
How high will the price of gold climb this fall? Here’s what experts say
Here’s what they have to say about the precious metal’s performance as we head into fall.
Demand will remain strong
While there are likely some economic changes coming later this year, experts say many of the factors encouraging a run toward gold will remain the same.
“Growing concerns around the geopolitical landscape, domestic unrest driven by a hypersensitive presidential election year, and heightened anxiety in a challenging economic environment sets a backdrop for consumers to seek refuge in some semblance of safety,” Mason says.
Weakness in paper currencies also plays a role in gold’s recent run-up, according to Keith Weiner, founder and CEO of Monetary Metals, and that should remain the same as well.
“As people lose confidence in the stability of their national currencies, they turn to gold as a hedge against currency debasement,” Weiner says. “Gold is the anti-currency and banking asset, as it has no counterparty.”
Explore your gold investing options and get started here.
Gold will keep climbing
Gold prices may have reached record highs several times this year, but experts don’t think they’ve peaked just yet.
“Nothing I have seen shows gold slowing down any time soon,” says Nick Fulton, managing partner of USA Pawn Stores of Mississippi and chairman of the Mississippi Pawnbrokers Association.
In fact, Fulton says his pawn shops are seeing more interest in gold than ever.
“People who have never owned gold are walking into our shops and buying for the first time,” Fulton says. “In March 2024, gold was around $2,100 an ounce. At that time, I expected to see gold hit $2,500 by the end of the year, yet here we are trading over that amount with four months to go in 2024.”
According to Weiner, we’re still in the early stages of what he calls “a significant gold bull market.” In turn, there could be a long way to go before gold prices hit their peak.
“While we might see occasional dips, the overarching trend is upward as paper currencies continue to weaken,” Weiner says.
Expect $2,600 to $3,000 per ounce
Investment data firm Morningstar projects gold could reach $2,600 per ounce by 2025. But according to Weiner, it may go even higher than that.
“Our model suggests that if we strip out the impact of leveraged futures market speculation, gold’s price should be around $2,800, based on current supply and demand,” Weiner says. “What’s interesting is that as the price climbs, demand doesn’t drop off. This demand isn’t driven by headlines but by deeper concerns — like debt levels, abuse of monetary policy, and either fear or desire for de-dollarization.”
James Cordier, CEO and head trader at Alternative Options, projects that gold prices will reach $3,000 by the end of the year — and the likelihood of a Fed rate cut is just part of the reason. (Studies show that interest rates and gold prices tend to have an inverse relationship).
“With gold being priced in U.S. dollars, the market is extremely focused on any changes the Federal Reserve might be making to interest rate policy,” Cordier says. “Lower rates generally translate to a weaker currency, and all of a sudden you have a new form of inflation scare.”
The bottom line
There are many and take advantage of its surging price growth. You can purchase physical coins and bars, open a gold IRA, invest in gold stocks and gold ETFs or buy gold futures. If you’re not sure what the best route is for your gold investments, talk to a financial advisor or investment professional. They can help you put your funds to best use.
CBS News
A week before Texas mom Alyssa Burkett’s murder, the killer received a text: “I hope you handle it”
After Alyssa Burkett was murdered, detectives quickly learned that the prime suspect was the father of her child, Andrew Beard. But as the investigation unfolded, they would find out that Beard wasn’t the only one involved in the murder plot.
Take a look inside the investigation.
Oct. 2, 2020 | 9 a.m.
Carrollton Police Department
Shortly after 24-year-old Alyssa Burkett pulled into her parking space at work in Carrollton, Texas, a man with a gun shot her in the head through her car window and fled.
Carrollton Police Department
Burkett survived the gun blast, got out of her car and tried to get help. Her bloody hand left a print on the office window.
The assailant saw Burkett running and chased after her. He stabbed and slashed Alyssa 44 times and left the scene in his black SUV.
Lizatte Bowers/Alyssa Burkett, Facebook
When Burkett’s mother, Teresa Collard, arrived at the scene, she immediately gave detectives a name: Andrew Beard. Beard was the father of Burkett’s 1-year-old child, Willow.
Oct. 2, 2020 | 12 p.m.
Carrollton Police Department
Hours after the murder, police officers stopped Beard in his white Ford F-150 pickup truck. His fiancée, Holly Elkins, and baby Willow were with him. Beard was told he could leave the scene, but he couldn’t return home. Officers also seized his pickup truck.
Oct. 2, 2020 | 9 p.m.
Carrollton Police Department
Later that night, police searched Beard’s home and found a GPS tracker battery and charging stations that matched a tracking device detectives discovered under Burkett’s car earlier that day.
Carrollton Police Department
Investigators also uncovered what they believed to be an unregistered gun silencer.
Oct. 3, 2020 | 12 p.m.
Carrollton Police Department
The next day, detectives searched Beard’s white F-150 pickup truck and found a backpack. Inside, they uncovered two bottles of dark brown makeup, and a pair of men’s hiking boots that had been cut into pieces and were soaking in bleach.
Oct. 3, 2020
Carrollton Police Department
Later that night, police located that black Ford SUV the assailant drove to the scene. It was found abandoned less than a mile from Beard’s house.
Carrolton Police Department
When detectives searched the SUV, they found a fake beard smeared with dark brown makeup.
Oct. 5, 2020
Carrolton Police Department
When Beard learned there was a warrant for his arrest, he turned himself in to the Carrollton Police Department. He was charged with murder.
Oct. 6, 2020
Beard’s fiancée, Holly Elkins, voluntarily went to speak with detectives at the Carrollton Police Department.
Carrolton Police Department
During the interview, Elkins told investigators that Beard was at home with her on the morning of the murder. She also described herself as a “stage 5 clinger girlfriend,” and said she would have known if Beard left the house that morning.
Oct. 6, 2020 | 1:30 p.m.
Carrollton Police Department
After her interview, investigators said Elkins made the following internet searches:
“Can I not be brought to court if I have a psychiatrist note?”
“vulnerable patients going to court”
“contact psychiatrist in Dallas”
“Can I not be subpoenaed to jail if I have a mental issue?”
Oct. 29, 2020
Beard spent two weeks behind bars before he was released on bond. Carrollton Police Det. Jeremy Chevallier said he was worried about baby Willow’s safety, so he reached out to the federal government to take the case under federal firearm laws.
Because detectives found an unregistered silencer during the search of Beard’s home, the federal government agreed to take the case.
Carrollton Police Department
Eight days after he bonded out, Beard was rearrested and ultimately charged with cyberstalking using a dangerous weapon resulting in death.
July 15, 2022
In June 2022, Beard pleaded guilty to cyberstalking and using a dangerous weapon resulting in death.
FBI
One month later, he spoke to the FBI as part of a plea deal. And he had a lot to say about Elkins’ involvement in Burkett’s murder.
“…It was…’this is how you’re gonna do this,’ it was, ‘… you’re gonna wear this dark makeup …’ That was her plan…that’s how it’s gonna be done,” Beard told the FBI.
May 24, 2023
Beard was sentenced to 43 years in federal prison.
June 21, 2023
After speaking with Beard, the FBI spent about a year building a case against Elkins.
Investigators found internet searches and a Walgreens receipt that connected her to the crime.
Carrollton Police Department
They also dug into text messages between Elkins and Beard. In a text sent to Beard one week before Burkett’s murder, Elkins wrote, “I hope you handle it I’m not coming home to b**s***”
Elkins was indicted on three charges: conspiracy to stalk, stalking using a dangerous weapon resulting in serious bodily injury and death and brandishing a firearm in relation to a crime of violence.
July 6, 2023
Johnson County Sheriff’s Office
Elkins was arrested at the Miami airport by federal agents after returning from a trip to the Dominican Republic.
April 9 – 16, 2024
Lizette Bowers
Elkins’ trial began at the federal courthouse in downtown Dallas. After six days, the case went to the jury.
April 17, 2024
Stephen Green
The jury deliberated for about an hour-and-a-half before they found Elkins guilty on all counts. On Aug. 15, 2024, Elkins was sentenced to two life terms.
CBS News
A week before Texas mom Alyssa Burkett’s murder, the killer received a text: “I hope you handle it”
After Alyssa Burkett was murdered, detectives quickly learned that the prime suspect was the father of her child, Andrew Beard. But as the investigation unfolded, they would find out that Beard wasn’t the only one involved in the murder plot.
Take a look inside the investigation.
Oct. 2, 2020 | 9 a.m.
Carrollton Police Department
Shortly after 24-year-old Alyssa Burkett pulled into her parking space at work in Carrollton, Texas, a man with a gun shot her in the head through her car window and fled.
Carrollton Police Department
Burkett survived the gun blast, got out of her car and tried to get help. Her bloody hand left a print on the office window.
The assailant saw Burkett running and chased after her. He stabbed and slashed Alyssa 44 times and left the scene in his black SUV.
Lizatte Bowers/Alyssa Burkett, Facebook
When Burkett’s mother, Teresa Collard, arrived at the scene, she immediately gave detectives a name: Andrew Beard. Beard was the father of Burkett’s 1-year-old child, Willow.
Oct. 2, 2020 | 12 p.m.
Carrollton Police Department
Hours after the murder, police officers stopped Beard in his white Ford F-150 pickup truck. His fiancée, Holly Elkins, and baby Willow were with him. Beard was told he could leave the scene, but he couldn’t return home. Officers also seized his pickup truck.
Oct. 2, 2020 | 9 p.m.
Carrollton Police Department
Later that night, police searched Beard’s home and found a GPS tracker battery and charging stations that matched a tracking device detectives discovered under Burkett’s car earlier that day.
Carrollton Police Department
Investigators also uncovered what they believed to be an unregistered gun silencer.
Oct. 3, 2020 | 12 p.m.
Carrollton Police Department
The next day, detectives searched Beard’s white F-150 pickup truck and found a backpack. Inside, they uncovered two bottles of dark brown makeup, and a pair of men’s hiking boots that had been cut into pieces and were soaking in bleach.
Oct. 3, 2020
Carrollton Police Department
Later that night, police located that black Ford SUV the assailant drove to the scene. It was found abandoned less than a mile from Beard’s house.
Carrolton Police Department
When detectives searched the SUV, they found a fake beard smeared with dark brown makeup.
Oct. 5, 2020
Carrolton Police Department
When Beard learned there was a warrant for his arrest, he turned himself in to the Carrollton Police Department. He was charged with murder.
Oct. 6, 2020
Beard’s fiancée, Holly Elkins, voluntarily went to speak with detectives at the Carrollton Police Department.
Carrolton Police Department
During the interview, Elkins told investigators that Beard was at home with her on the morning of the murder. She also described herself as a “stage 5 clinger girlfriend,” and said she would have known if Beard left the house that morning.
Oct. 6, 2020 | 1:30 p.m.
Carrollton Police Department
After her interview, investigators said Elkins made the following internet searches:
“Can I not be brought to court if I have a psychiatrist note?”
“vulnerable patients going to court”
“contact psychiatrist in Dallas”
“Can I not be subpoenaed to jail if I have a mental issue?”
Oct. 29, 2020
Beard spent two weeks behind bars before he was released on bond. Carrollton Police Det. Jeremy Chevallier said he was worried about baby Willow’s safety, so he reached out to the federal government to take the case under federal firearm laws.
Because detectives found an unregistered silencer during the search of Beard’s home, the federal government agreed to take the case.
Carrollton Police Department
Eight days after he bonded out, Beard was rearrested and ultimately charged with cyberstalking using a dangerous weapon resulting in death.
July 15, 2022
In June 2022, Beard pleaded guilty to cyberstalking and using a dangerous weapon resulting in death.
FBI
One month later, he spoke to the FBI as part of a plea deal. And he had a lot to say about Elkins’ involvement in Burkett’s murder.
“…It was…’this is how you’re gonna do this,’ it was, ‘… you’re gonna wear this dark makeup …’ That was her plan…that’s how it’s gonna be done,” Beard told the FBI.
May 24, 2023
Beard was sentenced to 43 years in federal prison.
June 21, 2023
After speaking with Beard, the FBI spent about a year building a case against Elkins.
Investigators found internet searches and a Walgreens receipt that connected her to the crime.
Carrollton Police Department
They also dug into text messages between Elkins and Beard. In a text sent to Beard one week before Burkett’s murder, Elkins wrote, “I hope you handle it I’m not coming home to b**s***”
Elkins was indicted on three charges: conspiracy to stalk, stalking using a dangerous weapon resulting in serious bodily injury and death and brandishing a firearm in relation to a crime of violence.
July 6, 2023
Johnson County Sheriff’s Office
Elkins was arrested at the Miami airport by federal agents after returning from a trip to the Dominican Republic.
April 9 – 16, 2024
Lizette Bowers
Elkins’ trial began at the federal courthouse in downtown Dallas. After six days, the case went to the jury.
April 17, 2024
Stephen Green
The jury deliberated for about an hour-and-a-half before they found Elkins guilty on all counts. On Aug. 15, 2024, Elkins was sentenced to two life terms.
President-elect Trump on Friday named Karoline Leavitt, his campaign press secretary, to serve as his White House press secretary.
Leavitt, 27, currently a spokesperson for Trump’s transition, would be the youngest White House press secretary in history. Previously that distinction went to Ronald Ziegler, who was 29 when he took the position in 1969 in Richard Nixon’s administration.
“Karoline Leavitt did a phenomenal job as the National Press Secretary on my Historic Campaign, and I am pleased to announce she will serve as White House Press Secretary,” Trump said in a statement. “Karoline is smart, tough, and has proven to be a highly effective communicator. I have the utmost confidence she will excel at the podium, and help deliver our message to the American People as we Make America Great Again.”
Leavitt replied in a post on X, formerly Twitter: “Thank you, President Trump, for believing in me. I am humbled and honored. Let’s MAGA,” the acronym for “Make America Great Again.”
The White House press secretary typically serves as the public face of the administration and historically has held daily briefings for the press corps.
MEGA
Trump disrupted those norms in his first term, preferring to serve as his own chief spokesperson. While he was president from 2017 to 2021, Trump had four press secretaries but frequently preferred to engage directly with the public, from his rallies, social media posts and his own briefings.
At a news conference this past August, Trump was asked if he’d have regular press briefings in his new administration. He told reporters, “I will give you total access and you’ll have a lot of press briefings and you’ll have, uh, from me.”
When it came to a press secretary, he said: “Probably they’ll do something. If it’s not daily, it’s going to be a lot. You’ll have more than you want.”
Leavitt, a New Hampshire native, is seen as a staunch and camera-ready advocate for Trump who is quick on her feet and delivers aggressive defenses of the Republican in television interviews.
She worked as a spokesperson for MAGA Inc., a super PAC supporting Trump, before joining his 2024 campaign. In 2022, she ran for Congress in New Hampshire, winning a 10-way Republican primary before losing to incumbent Democratic Rep. Chris Pappas.
During Trump’s first term in office, Leavitt worked in the White House press office. She then became communications director for New York Republican Rep. Elise Stefanik, whom Trump has tapped to serve as his U.S. ambassador to the United Nations.
Trump’s first press secretaries, Sean Spicer and Sarah Huckabee Sanders, were known for quarreling with reporters. Another, Stephanie Grisham, never held a briefing. Her successor, Kayleigh McEnany, often lectured the news media during her appearances in the White House press briefing room.
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