Will Mag7 soon start chasing gold?

Last Thursday both the Mag7 and gold reached new all-time highs. In the case of gold, this is nothing new in recent weeks, but in the case of the Mag7 there was an outperformance against the S&P500 last week - see Figure 1. Could the Mag7 follow in gold's footsteps?

To some extent, the same factors that allow for strong gold performance can also help Mag7 - of course, more in the context of the stock market. Mag7 are relatively safer companies for difficult times…

What do the Mag7 and gold have in common? For example, they don't like rising interest rates, especially real ones... but recently they stopped paying attention to them. See Figure 2 and 3 for Gold and Figure 4 for the Mag7.