Gold falls as expectations of Warsh to Fed hits the dollar debasement trade

Core Viewpoint - The recent rally in gold and other precious metals is experiencing a slowdown due to rising expectations that Kevin Warsh will be nominated as the next Federal Reserve chair, impacting the dollar debasement trade [1] Group 1: Gold Market Reaction - Gold prices fell more than 3%, decreasing by $171 to $5,179 an ounce, marking a potential end to a nine-session upward trend [1] - On the previous day, gold had reached a record high of $5,318.40 an ounce, with a gain of $14.80, or 0.3% [1] Group 2: Market Context - The decline in gold prices reflects changing market sentiments influenced by anticipated leadership changes at the Federal Reserve [1]