Fed to take “aggressive” stance on inflation, gold to move up?

The gold price is sitting at US$1933/oz after The Federal Reserve raised interest rates by .25% - the first rate hike in three years and Jerome Powell flagged that The Fed would keep raising rates until they hit between 1.75% and 2%.

Below is a chart of the gold price with some key levels:

As the crisis in Ukraine kicked off, gold punched as high as ~US$2075/oz but retraced and bounced off the US$1900/oz mark.

The interesting thing to note here is that historically, gold thrives in a rate tightening environment.

We’ve noticed some lag in our gold stocks - as in they’re not moving with the gold price. But we think that the lag period may be close to ending.

These are the gold stocks in our portfolio:

Los Ceros (ASX:LCL) - This is why we invested

• Gold, Exploration Stage (Colombia)

Tempus Resources (ASX:TMR) - This is why we invested

• Gold, Exploration Stage (Canada, Ecuador)

Titan Minerals (ASX:TTM) - This is why we invested

• Gold, Exploration Stage (Ecuador)

Ragusa Minerals (ASX:RAS) - This is why we invested (Catalyst Hunter Portfolio)

• Gold, Halloysite Exploration Stage WA (Australia and Alaska)