Re gold , it trades all over the place as a result of inflationary/deflationary sentiment almost on a daily basis.This could be a sign of bewilderment in the market. What is needed to make a real initial push is fear ,good ole fashioned terror. Once that is in , no amount of fundamentals can slow it.
The one major issue with fear driven commodsare that it turns as quick as it rises, trapping physical holders in the downdraught.