The gold price has always reacted to geopolitical events, at least if they are significant for the world economy. Sure, there is always some up and down - the traders want to make profits, and without movement there is no profit margin. But over all the gold price reflects the crisis fear of the investors. When things get hairy they rather opt for the safe play, rather than for risky deals. If the shit hits the fan we will see prices we may not think possible now, may be 5k or 10k or whatever. And then we will wish the price had stayed low...