Gold and Silver Prices Decline Amid Speculation Over Fed Chair Appointment

Gold and silver prices have experienced a decline following reports that U.S. President Donald Trump may select Kevin Warsh as the next Federal Reserve Chair. According to Odaily, analysts from Malaysia Bank noted in a foreign exchange research and strategy report that Warsh has been a long-time critic of extremely loose monetary policies and previously served as a Federal Reserve governor. Consequently, the market may be pricing in the potential impact of his appointment on future policy directions.