The yellow metal is increasingly valued as a reserve asset, which will tend to push the price up, independently of all other factors. Due to new regulations, you may also have to bid in the future alongside financial institutions, including several banks, to acquire it.
Gold traded sideways in Asia prior to seeing a slight climb to $1,665/oz. in late Asian and early European trading prior to price falls in Europe. Gold continues to struggle due to poor short term technicals and a slight decrease in global physical demand in recent days.