Global Commodity Markets Plunge Following Trump Choice of Kevin Warsh for Federal Reserve Chair
U.S. President Donald Trump’s choice of Kevin Warsh as the next Federal Reserve chair sparked a broad selloff in gold, silver, oil, and industrial metals today.
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USPresident Donald Trump donald trumpannounced that he has chosen Kevin Warsh kevin warshto succeed Jerome Powell jerome powellas the head of the Federal Reserve in May. This announcement immediately triggered a sharp and broad decline across global commodities markets as investors reacted to the selection. The move sparked a risk-off sentiment that materially compressed prices for gold, silver, oil, and industrial metals, while also prompting higher trading margins and reducing liquidity in major futures contracts.
USPresident Donald Trump donald trumpannounced that he has chosen Kevin Warsh kevin warshto succeed Jerome Powell jerome powellas the head of the Federal Reserve in May. This announcement immediately triggered a sharp and broad decline across global commodities markets as investors reacted to the selection. The move sparked a risk-off sentiment that materially compressed prices for gold, silver, oil, and industrial metals, while also prompting higher trading margins and reducing liquidity in major futures contracts.
