US Edition'FOMO' Trade Finally Loses Steam as Gold and Silver Sink on Warsh Nomination
15 Articles
15 Articles
Kevin Warsh's indication for Fed has dispelled the fears that Jerome Powell's successor was more flexible with inflation
Gold, an active refuge par excellence appreciated for its stability, has in recent days become a tremendously volatile asset, as if it were an investment of high speculative risk.Or is there also some of that?Keep reading...
Donald Trump's choice for the Fed's presidency, Kevin Warsh, has brought down the price of gold and silver, which has had its worst day since the 1980s. Investors had relied on an accommodating Fed president, but the U.S. president chose a real falcon.
Gold Rebounds After Selloff
8 min ago Gold Rebounds After Selloff Gold prices regained ground after two sessions of heavy selling, with futures in New York rising 6.5% to $4,955.90 a troy ounce. The earlier selloff was triggered by President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chair—a choice…
After the last turbulent days, the foreign exchange market has seen some calming. Kevin Warsh's nomination as the new Fed president has partly led to a marked increase in the US dollar.
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