"Gold is typically one of the best performing assets in recessions. Its recent resilience in the face of rising real rates is another sign – along with deteriorating economic data – that recession risks are rising...[l]ooking at previous recessions, gold typically performs the best out of the major asset classes (stocks, bonds, corporate debt and commodities)."

Quoted from: https://www.zerohedge.com/political/golds-resilience-gives-out-recessionary-vibes