The changes are slower for gold, because there is a much larger market, and because the trust people have in gold's future demand is not as easily changed by news as their trust in bitcoin's future demand (which can change radically by a decree from a government, for example. Nevertheless, gold has lost about 1/3 of its price between 2012 and 2014 (from 1800$/oz to 1200$/oz).
That's true but you also shouldn't forget where gold had started its rally to 1800$/oz. If I'm not mistaken, it began climbing to the top from as low as $400 per troy ounce (or even below).