The gold market is manipulated constantly by the big...

The gold market is manipulated constantly by the big banks/cental banks. Thats not conspiracy theory its fact as proven by recent court fines on DB, Scotia and another-cant recall - for cartel fixing the London gold 'fix". Thats why it makes no sense. Rising gold price=loss of faith in the USD and they cannot have that. So the central banks intervene to drop the price usually during thinly traded overnight markets. Just as they do with currency.
More recently you've had spells where gold has risen WITH the USD. Go figure !
You have to take a long term view of gold.. yes it can run up in the short term , it can also fall dramatically..but look at its escalation over the last 20 years..the fundamentals are absolutely upwards. Nothing has changed. Money printing like crazy and inflation has really taken off in the UK at an everyday level.
High interest rates -a long way off IMHO- kill gold as per 1980-1999. 20 year bear market.
For a weak currency like Sterling its gone from 300 sterling in 2006 to 1335 sterling today.