Gold did exactly what was expected of it

From financefeeds.com

Many investors feel that investing in Gold and Silver is a safe haven. However, just as many investors buy it as a hedge. That is not the same thing. This is not the first time that the two precious metals have lost just as much ground during the stock market slump. This behavior has been observed in almost every market slump over the last 25 years. Investors who only bought Gold as a risk hedge sell it to provide liquidity for potential margin calls on their equity investments. Silver usually falls more sharply because a potential economic downturn could dampen demand for the industrial metal. However, as soon as ... (full story)