After getting battered since late last week in a dramatic sell-off, precious metals rebounded and clawed back losses on Tuesday as investors continue to digest the implications of President Donald Trump’s announcement of Kevin Warsh as the next chair of the US Federal Reserve.
Gold rose more than 3% in Asian trading to $4,822 an ounce and silver surged 5.3% to $83.50. Investors were likely drawn to the historically low prices after gold spent most of 2025 on a steady rise.
