Preheat the oven to 350 degrees F (180 degrees C).
Grease a 10 cup bundt pan by brushing 1 tablespoon of melted butter all over with a pastry brush, then coat with granulated sugar.
In a medium bowl, combine the flour, baking powder, baking soda, cinnamon, ginger, cloves, nutmeg, allspice, and salt. Set aside.
In a large measuring cup or medium bowl, whisk together the milk and yogurt. Set aside.
In the bowl of a stand mixer fitted with a paddle attachment, beat the butter, granulated sugar, and dark brown sugar for 2-3 minutes.
While the mixer is on low speed, slowly drizzle in the molasses.
Once all of the molasses is added, scrape down the bowl and beat on medium speed until everything is fully combined.
Add in the vanilla and eggs one at a time, allowing each to fully incorporate before adding the next.
In about 3 additions, alternate adding the dry and milk-yogurt ingredients until everything is fully combined. Be sure to scrape the bottom of the bowl frequently.
Pour batter into prepared bundt pan and bake for about 45-50 minutes.
Allow the cake to cool for no more than 10 minutes in the pan, then immediately use a knife to gently loosen the sides and turn out onto a cooling rack.
Allow the cake to cool completely before dusting with powdered sugar and serving.