it's just numbers
After midterm elections, 12 month period is higher since WW2. Strongest and surest rallies occur Nov-Apr. quantifiableedges.com/this-incredibly-bullish-seasonal-period-has-just-begun After 2 years of joined power and the incumbent losing the house in the midterm election, chances are high, that there is a bear market coming within a year.
I think that the current flight from risk to gold is corrective in nature. There might be one more dip in the metal before the midterms. I also speculate that there will be a stronger move down in the stock market after the midterms and a corresponding gold rally.