Gold and silver are in freefall. Silver prices recorded their worst day since 1980 on Friday, according to CNBC, plunging 30%. Gold prices fell by more than 11%. These movements are primarily linked to Donald Trump’s selection of Kevin Warsh as his nominee to head the Federal Reserve. His profile has reassured investors. These declines are therefore a sign of reduced market anxiety, with investors less inclined to seek refuge in safe-haven assets. Gold and silver prices had reached record highs in recent days.
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Gold and silver are in freefall. Silver prices recorded their worst day since 1980 on Friday, according to CNBC, plunging 30%. Gold prices fell by more than 11%. These movements are primarily linked to Donald Trump’s selection of Kevin Warsh as his nominee to head the Federal Reserve. His profile has reassured investors. These declines are therefore a sign of reduced market anxiety, with investors less inclined to seek refuge in safe-haven assets. Gold and silver prices had reached record highs in recent days.