Analyst: Waller may succeed as Fed Chair, gold and silver prices drop

According to Jinshi reports, analysts have stated that gold and silver prices have fallen due to news that Kevin Warsh will be chosen by Trump as the next Federal Reserve Chairman. Analysts from Malaysia Bank mentioned in a foreign exchange research and strategy report, "Warsh has long criticized extremely loose monetary policy and has served as a Federal Reserve governor, so the market may be pricing in the potential impact of his appointment on future policy paths."