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Silver plunges 30% in worst day since 1980, gold tumbles as Warsh pick eases Fed independence fear
Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.
Raccontata da
cnbc.com
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Silver plunges 30% in worst day since 1980, gold tumbles as Warsh pick eases Fed independence fear
Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.
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CNBC Daily Open: Gold and silver tank amid Trump picking Kevin Warsh as Fed chair
The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.
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How to trade the market spiral as investors dump gold, silver and oil
Analysts flagged U.S. President Donald Trump’s nomination for the next chair of the Federal Reserve as a key trigger to the latest market downturn.