yes, money printing, along with the euro crisis has seemingly found little impact with the gold price of late - but seriously, are we referring to that quasi market that has been 'invented' to give the players the werewithal to work their way around the actual commodity being traded, yet is the very vehicle for determining the price
the logic of fundamentals does not add up
your premise is missing the concept of manipulation and i love the irony of the gold price determination being called the london 'fix'