Yes, that's not far fetched. China and Russia are strongly pushing to shift the world'd economy from being backed by dollar but by gold, and this would definitely help the price of gold to appreciate and in all fairness, China has been one of the most forthcoming countries actively and aggressively transforming migrating its population from middle class to rich and its been working for them. However, if China continues in its path not to fully embrace bitcoin, some of the things that are working for them now will begin to work against them in the nearest future.
China and Russia without a doubt want to dethrone the dollar from its reserve currency status, but make no mistake they do not like gold either, gold will limit their activities as well, since they will not be able to manipulate their currencies as they like, that is why the United States got out of the gold standard long time ago, what they want is that their own currencies achieve reserve currency status.