Gold is stuck in both categories, in my opinion. It is a "Risk Off" safe haven when people are scared of falling stock prices, and it is also a "Risk On" speculative investment when people are feeling good about the market. Gold has been trading at key resistance for a couple weeks and looks as though it's starting its next rally.
Silver Futures -- Daily Chart
Silver is in the same boat as gold though it carries much more volatility than gold. Expect 2% to 4% swings regularly and sloppy chart patterns in this metal.