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Euronews
Euronews
Jakub Janas

Watch the video: All that glitters is not gold?

Have you seen this precious metal recently? After hitting a record high, gold plummeted, suddenly losing nearly 15% of its value. Silver did even worse, crashing by more than 30%. Ouch.

So what caused the crash? Markets are reacting to US President Donald Trump's latest nominee for the Federal Reserve chief, sparking fears that interest rates might stay higher for longer.

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