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Politics : Welcome to Slider's Dugout

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From: roguedolphin	2/1/2026 6:34:45 PM
	2 Recommendations Recommended By Hugh Bett isopatch Read Replies (1) of 50713

Live world commodity quotes tradingeconomics.com Gold Extends Decline After Historic Drop Commodity Gold slid more than 3% to below $4,800 per ounce on Monday, extending losses from the prior session after the precious metal suffered its steepest fall in more than a decade. Friday’s rout was sparked by reports that US President Donald Trump plans to nominate Kevin Warsh, viewed as a more hawkish choice, to lead the Federal Reserve. Profit-taking also emerged after a relentless rally that had pushed gold to record highs. That advance was fueled by strong central bank demand and the so-called debasement trade, as investors rotated into physical assets from currencies and bonds amid concerns over surging government debt. Heightened geopolitical and economic uncertainty, along with worries about the Fed’s independence, reinforced gold’s safe-haven appeal. Momentum buying further amplified gains, with a wave of purchases from Chinese speculators adding froth to the rally and exacerbating the crash as they took profits. 6 minutes ago

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