The yellow metal is subject to all kinds of naked shorting in the futures market so I would advise you to stay out.
Also, as crude will show you (let alone the CHF), markets that have large government involvement (I'm looking at you JPY) are also ones to avoid as fundamentals mean nothing because the fundamentals can change in just one sentence from a central banker.
Gold should be up in the clouds thanks to money printing and China/Russian buying (let alone everyone else), but the spot price is (arguably) held lower by the constant shorting of it in the derivative futures paper market. And that is most likely down to govt involvement (they give it their blessing) so I don't know what to tell you!
