It would appear you are correct or have been up to date with 1200 Gold.
It seems that the powers that be are refusing to allow Gold past 1200.
It also seems that the powers that are to be, are refusing to allow Gold to drop much below 1200.
It makes sense to hold Gold down from a Western perspective because Westerners buy price appreciation.
Asians buy value.
Or maybe the Westerners don't want to see too low a price in case it sparks up big demand for something they don't have much of.
There again maybe I'm just waffling nonsense