At the same time, gold continued to be ravaged. Here's a daily chart of the spot price:
Treasuries are forecasting better economic times and Gold is forecasting disinflation. This is arguably the best of all worlds.
If this is the wrong signal then Treasuries will either resume their rally (meaning the economy is flat lining or deteriorating) or gold should start appreciating, validating the other possible message of Treasuries: that they are pricing in inflationary expectations.