Multiple reasons behind the Gold rally and why Gold can go higher
Demand for gold is very strong and what you are seeing is people are moving out of all currencies on balance, out of the Euro, Ruble, Yen, Renminbi. So I've been bullish primarily in Euro and Yen terms, and now I'm turning bullish even on US Dollar terms. If you see commodity prices continue to rally, you will see Gold prices rally. You have to argue for stronger Gold prices, gold has been strong for the past few months and likely to continue.