Not actually.

Gold react towards QE, and cheap interest rate, loosely monetory policy.
Share market is not the one influence the gold generally.
Share market money generally or mostly don't go into gold one, if people scared about share market and sell, majority of those money flocked to treasuries and gov bond one, not primary into gold.
Gold market is way smaller than stock market and bond market.

When economy is doing badly, everything drop, see how gold price dropped during 2008 crisis time.
It is after Fed adopted loosely monetory policy and massive QE, then gold rose back up again.

DJ was dropping yesterday, when gold has one of biggest plunge that we see in recent years.
Both stock market and gold are performing quite well for the last 2 years or so.

When Fed or central banks said want to print money or QE, then you see gold shoot up like rocket.
When said economy is good and don't need QE and want to hike interest rate time, gold price is going nowhere or dropping. This is what happened yesterday.