First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2022/08/19/fed-causing-confusion-in-markets-002578

Precious metals markets are giving up ground this week as investors react to the latest musings from the Federal Reserve. On Wednesday, the Fed released the minutes from its latest policy meeting. Officials acknowledged some of the warning signs of a weakening economy. That suggests they are likely to scale back future rate increases rather than implement additional 75 basis-point hikes.