Will the Trump Trade War Result in a Spike in Gold?

Gold-stock analyst John Doody holds in a Kitco interview that the Trump tariffs will result in job losses. He says that, in turn, the Fed will cut interest rates. The result of further monetary expansion will be a 2001-2011-like upswing in gold prices. The trouble with his thesis is that interest rates are already so darn low that the Fed doesn't have very far to cut even if it wants to cut. I'm sympathetic to his opinion that a trade war will contribute to a declining economy, resulting in increased Fed intervention. The whole house of cards of the post-Reagan era can fall.