First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2023/03/03/foreign-nations-and-us-states-worry-about-rising-dollar-dangers-002694
Precious metals markets are attempting to stage a rally this week off oversold conditions even as investors remain skittish over rate hikes. Multiple Federal Reserve officials came out and suggested they favor additional interest rate hikes while inflation readings continue to come in hot. Some analysts are calling for a return to 50 basis point hikes. But markets continue to anticipate a pause by the summer.
