The yellow metal rallied this week, benefiting from weakness in the US Dollar to trade back to its highest levels since Q1 of the year. The weakness in the US Dollar was seen in response to Fed chairman Powell comments at the Economic Club of New York where he told investors that the Fed now judge the policy rate to be “just below” neutral. These comments took the market by surprise as just a month ago Powell told the market that the policy rate was still a long way off neutral. Powell’s remarks have been interpreted by the market as a sign that the Fed is going to slow the pace of its tightening policy next year. ... (full story)