S&P/TSX composite sinks on precious metals sell-off

The S&P/TSX composite index was down 992.37 points at 32,023.76.The April gold contract was down US$348.80 at US$5,006.00 an ounce on Friday.However, when looking at the past year, gold prices have risen more than 70%.Small said it appears that the decline in metal prices on Friday was a reaction to an announcement by U.S. President Trump that Kevin Warsh will be his choice to replace Jerome Powell as U.S. Federal Reserve chair.“Kevin Warsh, who is more hawkish perhaps than maybe some of the other candidate ...