Gold ticking up

Gold has been ticking up this afternoon, now up over 0.5% at $1283. Its been testing support of $1275 for the last few days & perhaps it is now bouncing off that support. I notice equities in Asia are also a little soft. It will certainly be interesting if this is the start of a mood swing in markets, just as the DOW & S&P are back to what I would call frothy levels.