Gold is always known to be a safe haven, meaning people rush to it during times of anxiety, inflation, and currency weakness. That's why its price often moves with global economic news.
Regarding the general outlook, the current wave of gold is inclined to rise in the medium term, especially if inflation remains high or if there is economic tension. However, in the short term, we might see corrections and a slight decline due to profit-taking or temporary news, which is very natural in any market.
Gold stocks tend to move in line with the direction of gold itself, but they are a bit quicker in rising and falling, as they are also influenced by the performance of companies.
Summary: The general trend for gold is upward, but the path is not straight; there are rises and falls until the wave completes.