When the spread between 10-yr and 3-mo Treasuries bottomed out, the price of gold rose above 1,580.
And the current fears about coronavirus may support it in the short-term.
However, fears about prior virus outbreaks were overblown as is this 1, and the current anxiety looks to be temporary.
The yield curve has already reinverted, but another inversion is likely, while the stock market shook off the fears and rebounded.
So, I do not expect gold prices to skyrocket in here. But, the precious Yellow metal performed super in Y 2019 due to recession fears. So, if they settle in again on a more permanent basis, gold bugs would get an ally.