First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2022/12/02/us-dollar-index-has-called-the-feds-bluff-on-interest-rates-002636

Precious metals markets are rallying strongly this week on dovish signals from central bankers. Federal Reserve Chairman Jay Powell said in a statement that the Fed would "moderate" the pace of rate hikes. Investors interpreted that term as a sign that monetary policy is moving in a more dovish direction.