Trump's Pick Kevin Warsh and AI Fears Spark Market and Gold Sell-off
Global markets and precious metals declined sharply after Donald Trump nominated Kevin Warsh to lead the Federal Reserve and raised expectations for interest rate stability.Gold prices fell toward $4,617 per ounce while silver faced its most significant one-day drop in decades amid a strengthening dollar and easing oil supply concerns.Technology stocks in the
USA and Asia also retreated as investors weighed a $100B investment from
Jensen Huang into
OpenAI against fears of an artificial intelligence bubble.
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