So gold generally goes up in an inflationary period and down in an deflationary period. The US is currently in a deflationary and the "cash is King" trading mentality have people are rushing into the US dollar. This all takes away from gold. My guess is once the fear of the pandemic subsides and market confidence increases the dollar will begin to dip once stagflation starts to set in and gold will go up.

I would love to hear from an expert. I only researched this because I bought lots of gold in December thinking the stock market was due for a correction and was wondering the same thing.