Trump’s pick of ‘respected central banker’ Kevin Warsh as Fed chair seen as catalyst for sell-off as investors sell safe haven assets
Gold and silver prices have plunged, as a “meltdown” in the metals market deepened and rattled stock exchanges around the world.
Gold prices tumbled by 8% to $4,465 an ounce on Monday, ending a run of record highs that took it to nearly $5,600 just last week, before recovering some ground. Silver fell by 7%, after a 30% slump on Friday.
Continue reading…Trump’s pick of ‘respected central banker’ Kevin Warsh as Fed chair seen as catalyst for sell-off as investors sell safe haven assetsBusiness news – live updatesGold and silver prices have plunged, as a “meltdown” in the metals market deepened and rattled stock exchanges around the world.Gold prices tumbled by 8% to $4,465 an ounce on Monday, ending a run of record highs that took it to nearly $5,600 just last week, before recovering some ground. Silver fell by 7%, after a 30% slump on Friday. Continue reading…
