
Gold and silver swing as Warsh rumor triggers market shift and FTSE hits new high
Gold tumbled as much as 8% to about $4,465/oz before closing around 3% lower at $4,718.35, while silver slid up to 7% intraday and then about 3.3% to $81.75, after Trump nominated Kevin Warsh to chair the Fed and investors weighed the policy outlook. The volatility helped push the FTSE 100 above 10,300 to a record high, with oil and copper retreating and bitcoin recovering; Deutsche Bank still expects gold to reach $6,000 this year as safe‑haven demand fluctuates. Year over year, gold is up ~65% and silver ~120%.




