Stimulus environment on the way?

Gold moved higher by 2% today while the markets were down almost the same.  This was the clearest sign of gold bucking the role of another risk asset and starting to behave like a safe haven asset.  While it is way too early to tell if this is a sustained trend or if the metal is having a bounce off of its recent lows but move like these should be watched for two reasons.  First it shows the willingness of investors to get into the asset despite its recent correlation to the equity markets and second, the talk by the Fed yesterday saying that more stimulus may be needed could buck the trend longer term with the new theory being; bad news for the US economy is a boost to the likely hood of QE and therefore good for gold.  Another factor to watch is the Treasury yield (as well as other global yields) with the 10yr at 1.70% the real returns of safe haven bonds are being eroded by inflation or the threat of inflation (T.I.P.S had a record negative interest rate auction today as well).  This makes holding a non yielding asset like gold have more allure for safe haven because there is little or no opportunity costs associated. Definitely something to be watched going forward.