So, the metals are either: manipulated and the powers that be are keeping prices suppressed or, the money in the system is evaporating faster than the qe/stimulus/printing can replace it.(deflation of money supply) . Either way, gold is good insurance.
Gold and silver have their place in a shtf scenario. They give you a fresh start on the other side of collapse. Shtf won't last forever. Beans and bullets keep you going until the bullion becomes worth something. You've gotta stack it all to make it through.
It is healthy for the market to move in fits and starts. It helps digest the strong moves and get things ready for the next one. This move was a strong one that crossed some important moving averages, and will likely get traders' attention. Nothing wrong with some short term consolidation. This is in response to the outsized CPI number. People are starting to understand that the emperor isn't wearing any clothes.
Also, if you listen to Craig Hemke over at TF metals, he thinks Brainard is about to become the next Fed chair. She is thought of as solidly dovish. He thinks that this is part of what is starting to move the institutional money over toward PMs.