Who is manipulating the price of gold? The fact that this has been done systematically by representatives of large banks in recent years is now officially recorded in numerous court decisions. Are they just lone traders who abuse their insider knowledge of precious metals trading to enrich themselves with illicit trading strategies? Or do they work with the tacit approval of their superiors, or even on their behalf?
However, it is a well-known phenomenon among investors in gold that the price of gold rises regularly in the morning, but then falls sharply after the stock market starts working. Exactly what is behind the spontaneous fall in prices will be difficult to figure out. Often large sell orders appear in the futures market, which hardly make sense from the point of view of an ordinary investor. Gold could be sold in a "market" way, that is, in small tranches. Or you can trade the OTC market to get the best price. Anyway, who is the buyer of such large amounts of gold?
It is worth noting that representatives of the stock exchange supervisor have never shown much desire to go into details of why the price of gold behaves so strangely.