Is Gold Portending More than Inflation?

Today gold is up another 10 bucks. Some will say it is because the inflation trade is back on with the worse than expected CPI numbers this week. My fear is that is portends something worse than that. I have nothing to base that on of course, but gold tends to rise when the geopolitical pot begins to boil. Are there any real signs of that right now outside of Iran and their nuclear ambitions? Maybe the mkt is anticipating that the Iran situation is about to get much worse. Could also be fears that some of the emerging markets are on thin ice, witnessed by India's mkt down-move last night of 3%. I dont know what it is, but the stock market is not likely to fair too well when gold is on a rampage. I am still about 70% invested, but am cautious here.