Is gold going to go up more?
Well, short term the market looks good for increasing prices, but the overall market trend is down. All the statistical stuff we look at are conflicting with one another, so I'm not exactly sure where this market is going.
Through logic, if the FED decides to lower rates for lending, the value of the dollar will fall, and usually that means people will put their money in gold, thus raising the price. And considering we are in a recession I suppose I think the price of gold will rise.