The price of gold has been trading at an all-time high, with the spot price of gold exceeding $2,000 in recent weeks for the first time since its all-time high in 2020. Specifically, gold’s price-per-ounce closed at $2,040.02 on Thursday, April 13th 2023, just $35 less than the all-time intraday high of $2,075. The rise in the price for gold can largely be attributed to the outlook on interest rates, global military actions, and general economic uncertainty. As the Federal Reserve has continued to raise interest rates in an attempt to bring down inflation, gold investors have turned to the precious metal as a hedge against inflation, causing the precious metal’s price to skyrocket. Gold also has a negative correlation with the U.S. Dollar, so as the buying power of the dollar weakens, buyers will have to pay more for the same amount of gold. While it’s hard to predict the future, signs are pointing to gold prices continuing to rise, with many analysts predicting that by the end of the year we may have a new all-time peak for gold prices.