The US dollar price of gold has been declining in the past two months, though it continues to show significant strength against the 10-year TIPS yield, to which it was tightly correlated from 2006 until 2021. Gold’s performance since early 2022 must be seen as bullish.
Despite Declining Price Gold Is Strengthening
Obviously I can't prove it but they have been caught multiple times and fined for manipulating commodity markets.
Those bearish gold comments align also with JPMorgan's manipulation of gold.