by Mike Gleason, Gold Seek:
As central bankers waver on rate cuts, precious metals markets continue to pull back.
On Wednesday, the Federal Reserve opted to leave interest rates unchanged. Given the spate of recent hotter-than-expected readings on inflation, policymakers had little choice but to postpone any plans for monetary easing.
Fed Chairman Jerome Powell conveyed confusion over the outlook for inflation and the prospects for rate cuts going forward.
Jerome Powell: