Gold is something we keep an eye on because it directly relates to the value of the US dollar. It also is a competitor to fiat currencies around the world so Central Banks prefer that gold not become too popular. They don't mind gold trading in range, but sharp moves up can be a troubling signal to investors that something is wrong.
Given all this, a breaking article on Bloomberg this evening will get the attention of many people. Paticularly of interest will be this segment in the article: