First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/12/15/fed-eyes-easing-rates-as-rep-mooney-demands-answers-on-gold-002891
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>A long-awaited dovish pivot by the Federal Reserve is helping to push precious metals markets in a bullish direction this week. On Wednesday, Fed policymakers left their benchmark interest rate unchanged as expected. But the comments that followed from Jerome Powell and company took markets a bit by surprise. Powell struck a dovish tone as he telegraphed three rate cuts in 2024.