Since the US presidential elections late last year the value of gold has risen concurrently with US stocks and assets. The rise in gold value was spurred by the uncertainty of a new administration, plus the increasing uncertainty in the Eurozone.
In the week ended 13th April, there was a spike in gold prices following fears of increased tension between the US and North Korea that weakened the US dollar and US stocks. All of these factors helped push the price of gold to a high just below $1,300. During this time, gold had formed a nice upward trend that had experts predicting prices above $1,300.