Gold doesn't perform outstandingly every recession, but at the very worst it breaks even. With how things are setting up, however, I think gold will fair well and many will use it as a hedge.

I wrote an article about how gold and silver perform during recessions and deflations. You can read that article here: https://steemit.com/gold/@cryptomeeks/how-do-gold-and-silver-fair-during-asset-deflation-and-economic-recessions