Which way will Gold price go if markets rally or dive?

As we observe the current market trends, it is clear that gold price is consolidating.
Revenge of the quant funds keeping the markets calm

I wanted to bring to your attention a recent trend in the market that has caught the attention of many quant funds
USA stock markets are secondary as Germany outperforms

Although the USA stock markets are doing OK, including SPY and S&P 500, the DAX seems to be outperformed by a long shot.