then I saw this

http://seekingalpha.com/article/219404-likely-market-movers-to-watch-this-week-august-9-13-2010?source=dashboard_macro-view

Gold

Gold futures closed their 5th week of uptrend supported by weaker USD, fears of new US QE, easing Chinese gold trading regulations expected to fuel gold demand.

A note on potential Chinese demand from oilngold.com:

Currently the Chinese central bank is the 6th largest gold holders, with 1054.1 tons as of June 2010. However, the holdings only represent 1.6% the country’s total reserve. If it’s to increase its holdings comparable to other Asian counterparts, it will need to increase holdings by almost +50% (eg, Singapore has gold holdings 2.4% of total reserve).