Gold and Silver Prices Fall After Trump Nominates Kevin Warsh

Gold and Silver Prices Decline

Gold and silver prices experienced a drop following President Donald Trump’s announcement to nominate Kevin Warsh as Federal Reserve chair. Market reactions indicate a shift in investor sentiment amid expectations of changes in monetary policy under Warsh’s potential leadership.

Market Impact of Fed Chair Nomination

The announcement led to a decrease in gold prices by 1.2% to $1,800 per ounce and silver prices fell by 1.5% to $23.50 per ounce. Investors are closely watching how the new leadership might influence interest rates and inflation.