Gold Axis
China, India and Russiat are probably the worlds biggest buyers of gold and are also political allies, with Russia looking to do mega deals with both countries to supply gas. Both China and India have come out in support of Russia by denigrating the west for their sanctions on Russia. These countries and probably the other BRICS have a long term plan to usurp the dollar as the worlds reserve currency with their own currency, possibly an amalgamation of certain commodities, and fiat, and they are rubbing their hands at the current price of Gold.
On the other hand the $ supporters are trying to discredit Gold in order to retain bragging rights as the worlds go to safe haven. When the BRICS, or three countries in question, have their act together and are ready to launch their currency there will be an orchestrated sell off of US treasuries to destabilise the $ and install their own BRICS currency as the world reserve currency.
This is all my opinion and the currency battle is raging under the relatively benign global financial surface. I believe the US cannot afford to have the $ dropped as the world reserve currency and will start WW3 in order to protect it's status, I dearly hope I'm wrong but Gold should benefit from man's thirst for power.