Gold holding up much better than oil

Not sure what this tells us, but gold trades with a much firmer footing than oil does this afternoon. Crude is down 3.5% on the day while gold is down less than a percent. Crude has pulled back below $77.00.

Perhaps gold is beginning to serve some of its more traditional safe-haven function as safe-havens are few and far between in this market at the moment. Food for thought.