The Really Useful Gold Thread

I'm curious about this:
The pound and Euro have collapsed a fair bit against the Dollar today and the Dollar is looking good, as I expected. Also DOW is rallying today. also expected. (In fact next Tuesday/Thursday could be very good 'long' days, but never mind).
Whats disturbing is the price of gold at 1930 today, viz, it is up $2.
Surely gold should fall below 344 on a DOW rally of nearly 200 points and a Dollar rally of 2c. agaiinst Euro?
As its not
Gold is anticipating that the Dow rally is very short lived!
or
Someone eg the Indians are buying physical gold?
Someone place some light on my dilemma? I don't believe that big traders are already going long Feb gold! its only the ist day of the year, and in the face of a Dow rally! IF that is the case we are looking at $355 in two days.. which I can't expect. Thats wrong?
H.