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When gold futures moves from 1600 usd to 1942 usd in 5 - 6 months what does that tell you ?
What does all economic and investing books tell you when gold price increases 17,62% in a short period of time ?
It tells me a FOMO is happening and that the Buble will burst again, other than that it tells me zero, did I get food poison from it? Do I win the lottery? Did I lose my job? Did I get a promotion?
Oh, wait, nothing of the above!
Again, other than gold moving up, where is the nightmare? What is so bad that I shouldn't be able to sleep at night?
People are investing in gold, gold prices go up, people are speculating and they might be right and they might be wrong.
Yes, we're heading from a recession but looking back to the dark days of April even a 8% GDP slump till the end of the year is good news compared to the scenario that were thrown at that time.