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.

Gold and silver extended sell-off on Monday, deepening losses from last Friday's rout.

Las materias primas extienden el desplome iniciado el viernes; el oro se deja este lunes un 5% y toca los 4.400 dólares

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.

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.

Analysts see various factors at play for price swings, from Trump's unpredictability to distrust in economic systems.