I always view gold as a proxy for fear and uncertainty.
Growth is anemic, inflation is a non starter, household, government and some sectors debt is horrible, but all arguably manageable.
I can't see any moonshot or fall off a cliff, until some event swings the argument decisively either way.
That said, all the revisions down, make me feel less likely the deciding events will be good for the economy as a whole, so I'm hedging by increasing exposure to gold.
My punt is business as usual and 1250-1300 range by end of year.