Gold reversal as Warsh-fed bets lift dollar; silver slips below $100

Gold gave back recent gains, dropping over 5% to around $5,084/oz after reaching a fresh high near $5,318, as bets on Kevin Warsh becoming Fed chair spurred a stronger dollar. Silver fell beneath $100/oz (about $99.60), with platinum and palladium also tumbling, and base metals broadly weaker. Analysts note that dollar strength and the Fed outlook will continue to drive moves, highlighting key near-term levels at $5,000 for gold and $100 for silver while Wall Street's bullish price targets face a more volatile path.