Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen:
http://www.cnbc.com/2016/02/08/techn...is-coming.html
Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession:
Will the Fed Go Negative on Rates?
I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank.