The selloff was triggered after US President Trump tapped Kevin Warsh to chair the Federal Reserve
Gold and silver prices fell further on Monday, extending losses after a sharp reversal of a recent rally that had lifted both to record highs.
Gold prices plunged 8% to $4,465 an ounce on Monday, breaking a streak of record highs that had briefly pushed the metal to nearly $5,600 last week, before a partial rebound. Silver dropped 7%, following a 30% slide on Friday.
The sell-off was triggered last week after US President Donald Trump said he would nominate former Federal Reserve Governor Kevin Warsh to succeed Fed Chairman Jerome Powell when his…
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