There are many factors that affect the price of gold.
And you are right!

When the buying power is strong, no money is going into gold or silver. It is being used to get more goods for less. When the dollar is falling, they put money into gold and silver to preserve the buying power of their money.

But as for myself, I am waiting for it to dip below $2,000 so I can buy me some 1 oz gold!
!BBH