since fed did its last rate cut in december 2024 fomc, Stocks down gold up
this is classic recession trade - dump risk assets and buy safe heaven
gold hit $3000 on recession panic market crash
if stocks bounce, panic may price out
if stocks fall more, panic selling will trigger which could slow the speed of gold rally
this market action and recent gold bars flying to New York from london may be recession panic buying not the tariff inflation hedge
in 2020 market crash everything went down but when recovery started gold proved better than stocks.