Trump's Fed Chair Pick Triggers Gold, Silver's Worst Day Since 1980: What's Moving Markets Friday?
Benzinga·2026-01-30 18:59
Precious metals sold off violently on Friday after President Donald Trump announced Kevin Warsh as the next Federal Reserve chairman, ending a powerful rally that had stretched for weeks. • SPDR Gold Shares stock is showing notable weakness. What’s behind GLD decline?Silver prices plunged as much as 33% to $78 an ounce during midday trading in New York, marking a historic reversal from the explosive gains the metal had posted earlier in the month. If the session closes near these levels, it would be silver' ...