Gold could move up from the $562 where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Over the last two days, it's been geopolitical happenings that have supported gold prices. That China and Russia are supporting Iran's referral means the international community is taking it seriously.

Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold.

It's good news but it's not really news.

The dollar adds to the general environment we've seen in the past few weeks, which is a short-term correction.

Over the last two days, it's been geopolitical happenings that have supported gold prices. Iran and Palestine are focal points.

This is an important week for the dollar, and consequently for gold. The market is looking for direction; it's been quite volatile lately.