WHY?

As we see Larry's predictions coming true (rising dollar, rising oil and turmoil in Europe and the Middle East), we can only wonder: why is gold falling? Actually, we should be asking an altogether different question, since we know why gold is falling - Western financial institutions are acting in concert to suppress the gold price. Why are Western financial institutions suppressing the price of gold? That is the question we need to ask and answer.

Stephen Leeb speculates in a KWN interview:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/5_Gold_%26_A_Global_Financial_System_In_Complete_Turmoil.html

Leeb speculates that the BIS and other central banks are afraid that if gold is recognized as Tier One currency then we will have a five digit gold price (in US Dollars) and the Dollar will lose its status as a reserve currency. Should that happen, we will have hyperinflation, because no one will buy worthless US paper.

That may be the answer.