You see Gold is not rising. Currencies are losing their value and hence this is reflected in an increasing Gold price.
Gold is money. The moment the U.S and other countries went off a Gold standard is the moment that paper currencies started to lose their value.
I would rather hold physical assets than paper these days. Paper can be manipulated and increased to infinity.
Physical assets cannot.
If the global economy falls of a cliff Gold will rise, if it starts to grow strongly and hence lead to high inflation Gold will rise.
The only way Gold will fall is if the US dollar rises and is seen as a strong currency once more, but given the amount of debt they are in and the amount of unfunded liabilities which will come due, it is highly unlikely that their currency will strengthen.
