Gold Stocks Shine in Times of Fed Uncertainty

Uncertainty surrounding the Federal Reserve's interest rate policy and recent trade tensions have investors on edge. Against this backdrop, three gold-related stocks stand out as potential safe havens: Royal Gold (RGLD), OR Royalties (TSX:OR), and Endeavour Mining (TSX:EDV).

Royal Gold offers exposure to a global basket of precious metal streams and royalties priced in international markets. With a market capitalization of around $22.5 billion, the company is a large-cap stock that many investors turn to during times of uncertainty. Royal Gold's revenue comes from stream interests, which generated approximately $1.1 billion, while royalty interests brought in about $0.5 billion.

Another gold-related stock worth considering is OR Royalties. This Montreal-based company collects royalties and streams from global gold, silver, and copper production. With a market capitalization of around CA$9.9 billion, OR Royalties offers large-cap exposure to commodity-linked income that can behave differently than rate-sensitive US sectors during times of tariff and Fed uncertainty.

Endeavour Mining is also worth noting. As a gold producer in West Africa, its revenue is tied directly to global gold prices rather than US consumer demand. The company's biggest contributors are the Ity mine at around $1.3 billion and Sabodala Massawa at roughly $1.1 billion.