Gold and Silver Slide as Warsh Fed Chair Pick Triggers Dollar Rally
TL;DR Summary
Gold fell about 7% and silver as much as 15% after Donald Trump named Kevin Warsh to head the Fed, boosting the dollar and prompting traders to reprice expectations for monetary policy as the market tempered the previous debasement rally.
- Why Trump's pick for Fed chair is causing gold and silver to tumble from records Business Insider
- Gold accelerates losses to $4,800 silver tumbles a record 20% as precious metals rally evaporates Yahoo Finance
- Gold tumbles as Trump's Fed Chair pick eases Fed independence fear CNBC
- Gold slips nearly 8% after Trump's Fed chair choice firms dollar Reuters
- Gold and silver plunge after news Trump will nominate Kevin Warsh as Fed chair New York Post
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