After suggesting on Tuesday that the US Federal Reserve might be prepared to increase the pace of interest rate hikes again, in his testimony the Fed Chair Jerome Powell softened his tone slightly yesterday and said that policymakers would wait for more data before making this month’s interest rate decision. With investors considering what his remarks mean in terms of the risk of a recession, there were lots of twists and turns but no huge gains or losses in markets yesterday. Carsten Menke, Head of Next Generation Research, shares his thoughts on what this all means for the gold and silver markets, and Ronny Kaufmann from the CIO Strategy & Investment Analysis team fills us in on the Investment Committee’s most recent thoughts and actions.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:52 Gold and silver update by Carsten Menke (Head of Next Generation Research)07:00 Investment Committee update by Ronny Kaufmann (CIO Strategy & Investment Analysis)11:30 Closing remarks by Helen Freer (Investment Writing)