Gold, silver plunge after Trump names Fed chair pick

Kevin Warsh’s nomination is seen as a catalyst that triggered profit-taking and technical selling after an extended rally in precious metals

Gold and silver prices plunged on Friday in one of their worst single-day declines in years after US President Donald Trump named former Federal Reserve governor Kevin Warsh to lead the central bank.

Gold fell 12% from its January 29 peak of roughly $5,600 per ounce to around $4,800, marking its steepest one-day loss in more than a decade...