First: when big capital decides to move the price of gold it will move. Second: its uses are trivial compared to its use to maintain political power. It’s made to glitter to distract everyone.It is relatively more valuable now. But that’s a side show. It ain’t wealth: wealth is productive assets and the wherewithal to create more productive assets. Gold is a distraction. If people chase it, that chase will lead to no meaningful political, economic or social change.
Buy it low, sell it high. Don’t be a slave.