The price of gold continues to increase. It has passed $ 2,900 per ounce and the indications show that it may continue to increase over time. Inflation data, economic uncertainty, the news about a possible tariff war and the data on the US debt are reasons why gold will probably continue to rise in the near future.
In addition to what I have mentioned before, there is information that the central banks of several countries have increased their gold purchases.
The higher interest rates have not been significant enough to control the rise of the gold price.
I think the rise in gold is evidence that the world economy is not doing well. I also think gold is still the best hedge right now, besides Bitcoin.