Gold, Silver drop following Trump picking Kevin Warsh for Fed Chair
CNBC Television·2026-01-30 18:03
Well, the precious metals trade is unwinding today with the Warish nomination boosting the dollar and halting the flight to safe haven assets. And silver is tanking 17% on track for its worst day since 2011 and under 100 again. Uh now down 20% actually with gold falling about 6 and a.5%.Now looking back at gold's drop in October. If we see the same retracement this time that could bring prices down to about 48.50% 50 according to Miller to backs Matt Mey, but he added a 50% retracement isn't out of the ques ...