A weaker dollar, continued geopolitical concerns, weak government data, and higher oil prices have all been factors that have pushed gold higher in the last several days.
The inflation-adjusted number, the finite supply of oil, and the growing demand for oil from one-third of the world's population all point to higher prices.
I expect some type of further correction in the short-term, but still see prices heading higher as China continues manufacturing and supply does not meet demand.