Gold goes cold as Fed takes a Warsh
Monday 2nd February 2026
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Today’s episode digs into the market whiplash triggered by President Trump’s nomination of Kevin Warsh as the next Fed Chair — a move that nudged the US dollar higher, knocked the Aussie lower, and sent precious metals into a full‑blown plunge, even as equities and bonds delivered a more mixed, almost reluctant response. We unpack whether the gold and silver surge was really about Fed independence, revisit Warsh’s crisis‑era credentials and his scepticism of QE, and explore…
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