US dollar surges and gold, silver prices plunge as Trump reveals Fed Reserve nominee
Published February 2, 2026
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CommSec’s Ryan Felsman explains gold and silver prices plummeted after US President Donald Trump nominated Kevin Walsh to lead the Federal Reserve. “We did see gold prices plunge 11.4 per cent on Friday to $US4,745.10 an ounce – that was the biggest decline since 1983. Silver prices were down by 31.4 per cent, and tha…
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- February 2, 2026
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