Gold price (XAU/USD) recovers some lost ground to near $4,820 during the early Asian session on Tuesday. The precious metal edges higher following a historic market rout. However, the upside in the near term might be limited, as US President Donald Trump nominated Kevin Warsh as the next Federal Reserve (Fed) chair. The nomination of Warsh to lead the US central bank has raised expectations of a more hawkish stance. Markets anticipate that Warsh may lean toward a smaller Fed balance sheet and hold the interest rate higher for longer, which typically strengthens the US Dollar (USD) and reduces the appeal of ... (full story)