Editor’s Note
This article examines the recent downturn in precious metals markets, attributing the sell-off to shifting expectations for U.S. monetary policy following the designation of a new Federal Reserve president.
Precious metals began the new week as they had ended the previous one: in a significant retreat. Analysts link the phenomenon to Friday’s designation of a future president for the US Federal Reserve (Fed), perceived as more favorable than other potential candidates for a tightening of monetary policy in the world’s leading economy.
The practically uninterrupted climb in precious metal prices, which had lasted until now, stopped on Monday morning. A pause following last Friday’s designation of Kevin Warsh as the future Fed chair?
The pause in a practically uninterrupted price surge over the past two years also seemed to have sounded for…
