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.