The Latest Breaking News from Kevin Warsh

An awol Chinese metal dealer and an oddly calm Trump rattled the safe haven of gold — more tremors could come, reports Chris Blackhurst

In late January, the gold price reached an all-time peak of around US$5,500 (£4,025). January 30 saw one of the largest one-day falls in prices, which sank by nearly 10% after hitting a record high only the day before.

Gold was quoted lower at 4,696.11 dollars an ounce on Monday, down sharply against 5,003.82 dollars at the same time on Friday.

A partial government shutdown and U.S.-Iran tensions could strengthen safe-haven demand in gold and silver.

If your portfolio has taken a nosedive recently, you’re not alone. Some investors have taken to online platforms like Reddit to discuss their losses, with some citing as much as an 80% loss from their portfolio’s “top.” There’s a name behind the chaos, and it’s Kevin Warsh. When President Donald…

“Price action had long since detached from any sane discussion on debasement, but it often takes only a small ripple to trigger a broader correction,” noted Deutsche Bank’s Jim Reid.

March S&P 500 E-Mini futures (ESH26) are down -0.57%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.92% this morning, pointing to a lower open on Wall Street as investors continue to sell risky assets amid a rout in precious metals.

Gold rebounded on Tuesday after extended losses following Trump's nomination of Kevin Warsh as new Fed chair last week.

It was a night of poor taste and a big ego.