RE:Gold will be fineThe only reason why I think you're right is that the Fed wants to strengthen the USD even more.
https://currencylive.com/news/aud-usd-risk-sensitive-aussie-dollar-plunges/
"Atlanta Fed R.Kaplan (voter, hawkish) hinted at the idea of higher rates once the unemployment rate reaches lower levels."
I don't know how unemployment rates will reach lower levels... When (not if) COVID waves come back in the winter time, the unemployment rates SHOULD NOT reach lower levels. There will be a surge in unemployment in my opinion.