Fed's "higher for longer" stance and my gold allocation - thoughts?

• •Honestly getting a bit antsy with this whole Fed narrative lately.
• •We saw gold dip a bit after that last CPI print, and while it recovered, it just reinforces the rate sensitivity.
• •Is anyone else feeling this tension?

Honestly getting a bit antsy with this whole Fed narrative lately. For years, my rationale for a significant chunk of my personal gold allocation (we're talking decent 7-figure exposure here, separate from family office stuff) has been a pretty straightforward inflation hedge and diversification play, especially given some of the crazy market dynamics we've seen. But Powell's recent hawkish leanings, and the market's seemingly unwavering conviction in "higher for longer" rates, has me re-evaluating the short-to-medium term. I mean, my entire career involves dissecting these types of signals from Greenwich – and while I’m betting on long-term value, this immediate pressure is undeniable.

My fund's core strategy for clients, obviously, has different objectives and instruments, but personally, I'm watching my physical holdings in Zurich with a bit more scrutiny. We saw gold dip a bit after that last CPI print, and while it recovered, it just reinforces the rate sensitivity. Is anyone else feeling this tension? I'm comfortable with the long-term thesis, but I'm thinking about whether to dial back or re-allocate some of the more actively managed precious metals-related ETFs I hold, as opposed to the bars. I'm generally a "buy the dip" guy, especially for something like gold, but when the Fed is actively trying to strengthen the dollar, it's a headwind.

I was just looking at the "Silver vs Stocks" tool, mostly out of curiosity for silver's performance relative to equities over the past decade, and it's a good reminder of how different asset classes react over various cycles. My silver exposure is much smaller, mainly some industrial-focused miners, but still, the broader precious metals narrative is under the microscope for me right now. Is anyone adjusting their gold posture based on the persistent hawkish Fed talk? Or are we all just holding tight and waiting for the inevitable pivot?

I’m pretty locked and loaded on my long-term conviction given the geopolitical landscape and escalating national debt, but the short-term noise is getting louder. Would be interested to hear some other perspectives on how you're navigating this specific Fed-induced volatility impacting your precious metals.