Gold and silver prices plunge as rally goes into reverse
Platinum also plummets as Trump picks Warsh as next Fed chair
Platinum also plummets as Trump picks Warsh as next Fed chair

Losses in precious metals follow record-breaking rally

Prices climb more than 10% this month amid search for hedges against dollar weakness

Rapid post-Christmas surge unwinds, dragging down gold and other precious metals

Volatile trading session sees precious metals give up early gains

Drop comes after gold and other precious metals sold off sharply

Gold and silver also drop while Treasuries rally