What reason behind the contined rise in gold rates?

Question

What reason behind the contined rise in gold rates?

Answer 1

The reasons behind the rise in Gold prices is plight of US Dollor internationally and the rising oil prices.

Answer 2

People are constantly using gold for jewlery. Gold is also a very good conductor, so it gets used some in the space program. The more people there are on earth, the more people use gold, and the dwindling supply of gold cannot keep up with the increasing demand, in much the same way that the dwindling supply of oil cannot keep up with the increasing demand, so the price of oil keeps going up.