Gold, silver prices continue to slide after Trump picks Warsh to lead Fed | Metals Mine

  • Gold, silver prices continue to slide after Trump picks Warsh to lead Fed

    From cbc.ca

    Wild swings that swept through financial markets overnight calmed as Wall Street opened for trading on Monday. U.S. stocks are holding relatively steady following gains in Europe and sharp drops in Asia, while gold and silver prices rallied back from severe earlier losses. The centre of the action in financial markets was again precious metals, where momentum has suddenly halted after gold's price roughly doubled in 12 months. Gold briefly dropped below $4,500 US per ounce in the overnight hours, down more than $1,000 from its high point reached just last week. It later erased much of that loss and pulled back to ... (full story)

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