Thank you, US is desperate. It

1
Comment
Favorite

Thank you, US is desperate. It's time to buy more.

Precious Metals Market in Turmoil as Gold and Silver Plummet

Precious metals suffered a severe setback on Friday, with gold and silver prices plunging sharply as a report that the Trump administration plans to nominate Kevin Warsh for Federal Reserve Chair...

Precious Metals Market in Turmoil as Gold and Silver Plummet

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":527376962769872,"tweetId":"527376962769872","gmtCreate":1769776188646,"gmtModify":1769776192380,"author":{"id":4088555865224950,"idStr":"4088555865224950","authorId":4088555865224950,"authorIdStr":"4088555865224950","name":"Merlin Spear","avatar":"https://static.tigerbbs.com/a4148d32bdc2876cba031551925cd7e2","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":11,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>Thank you,&nbsp;US is desperate. It's time to buy more.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Thank you,&nbsp;US is desperate. It's time to buy more.&nbsp;</p></body></html>","text":"Thank you, US is desperate. It's time to buy more.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/527376962769872","repostId":1148296455,"repostType":2,"repost":{"id":"1148296455","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1769768679,"share":"https://ttm.financial/m/news/1148296455?lang=en_US&edition=fundamental","pubTime":"2026-01-30 18:24","market":"sg","language":"en","title":"Precious Metals Market in Turmoil as Gold and Silver Plummet","url":"https://stock-news.laohu8.com/highlight/detail?id=1148296455","media":"Deep News","summary":"Precious metals suffered a severe setback on Friday, with gold and silver prices plunging sharply as a report that the Trump administration plans to nominate Kevin Warsh for Federal Reserve Chair...","content":"<p>Precious metals suffered a severe setback on Friday, with gold and silver prices plunging sharply as a report that the Trump administration plans to nominate Kevin Warsh for Federal Reserve Chair pushed the U.S. dollar higher, cooling the record-breaking rally.\nSilver prices collapsed by over 16%, falling to around $96 per ounce, while gold tumbled more than 7%, breaching the $5,000 mark. The violent swings in the precious metals market intensified, putting an end to the sustained advance that had pushed technical indicators into overbought territory. The U.S. dollar index rose as much as 0.5%, increasing the cost for most buyers to purchase precious metals; both silver and platinum prices plummeted over 10%.\nReports indicated that U.S. President Donald Trump is expected to nominate Warsh as Fed Chair. The former Federal Reserve governor has long been known as an inflation hawk, but in recent months he has publicly advocated for lowering interest rates, aligning himself with the President's stance. Trump previously stated he would announce his nominee for Fed Chair on Friday morning U.S. time.\nChristopher Wong, a strategist at OCBC Bank, said gold's move \"confirms the warning that what goes up must come down.\" He noted that while news of Warsh's nomination served as the trigger for the plunge, a correction in precious metals prices was already imminent. \"It's as if the market was waiting for an excuse to end the nearly parabolic frenzy seen recently,\" he added.\nSo far this year, gold and silver prices had already surged dramatically, with several technical indicators flashing warning signals, including the Relative Strength Index (RSI). In recent weeks, the index showed both precious metals were in overbought conditions and ripe for a pullback; gold's RSI recently hit 90, a multi-decade high.\nEven after this correction, gold's gains for January remain around 17%, still on track for its largest monthly advance since 1980. Silver's performance has been even more staggering, with a year-to-date increase of 43%.\nThe Trump administration's disruptive actions towards the global order have been a major driver of the precious metals rally, including the seizure of a Venezuelan head of state, threats to annex Greenland, and imposing tariffs on allies, among other moves. Recently, Trump has repeatedly warned of potential military strikes against Iran and stated he will levy tariffs on all countries supplying oil to Cuba.\nMeanwhile, Trump reached a temporary agreement with Senate Democrats, once again averting a U.S. government shutdown. The White House is currently continuing negotiations with Democrats in an effort to establish new restrictions for immigration raids that have sparked nationwide controversy.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Precious Metals Market in Turmoil as Gold and Silver Plummet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrecious Metals Market in Turmoil as Gold and Silver Plummet\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-01-30 18:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Precious metals suffered a severe setback on Friday, with gold and silver prices plunging sharply as a report that the Trump administration plans to nominate Kevin Warsh for Federal Reserve Chair pushed the U.S. dollar higher, cooling the record-breaking rally.\nSilver prices collapsed by over 16%, falling to around $96 per ounce, while gold tumbled more than 7%, breaching the $5,000 mark. The violent swings in the precious metals market intensified, putting an end to the sustained advance that had pushed technical indicators into overbought territory. The U.S. dollar index rose as much as 0.5%, increasing the cost for most buyers to purchase precious metals; both silver and platinum prices plummeted over 10%.\nReports indicated that U.S. President Donald Trump is expected to nominate Warsh as Fed Chair. The former Federal Reserve governor has long been known as an inflation hawk, but in recent months he has publicly advocated for lowering interest rates, aligning himself with the President's stance. Trump previously stated he would announce his nominee for Fed Chair on Friday morning U.S. time.\nChristopher Wong, a strategist at OCBC Bank, said gold's move \"confirms the warning that what goes up must come down.\" He noted that while news of Warsh's nomination served as the trigger for the plunge, a correction in precious metals prices was already imminent. \"It's as if the market was waiting for an excuse to end the nearly parabolic frenzy seen recently,\" he added.\nSo far this year, gold and silver prices had already surged dramatically, with several technical indicators flashing warning signals, including the Relative Strength Index (RSI). In recent weeks, the index showed both precious metals were in overbought conditions and ripe for a pullback; gold's RSI recently hit 90, a multi-decade high.\nEven after this correction, gold's gains for January remain around 17%, still on track for its largest monthly advance since 1980. Silver's performance has been even more staggering, with a year-to-date increase of 43%.\nThe Trump administration's disruptive actions towards the global order have been a major driver of the precious metals rally, including the seizure of a Venezuelan head of state, threats to annex Greenland, and imposing tariffs on allies, among other moves. Recently, Trump has repeatedly warned of potential military strikes against Iran and stated he will levy tariffs on all countries supplying oil to Cuba.\nMeanwhile, Trump reached a temporary agreement with Senate Democrats, once again averting a U.S. government shutdown. The White House is currently continuing negotiations with Democrats in an effort to establish new restrictions for immigration raids that have sparked nationwide controversy.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4535":"淡马锡持仓","GLD":"黄金ETF-SPDR","BK4504":"桥水持仓","SLV":"白银ETF-iShares","BK4588":"碎股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148296455","content_text":"Precious metals suffered a severe setback on Friday, with gold and silver prices plunging sharply as a report that the Trump administration plans to nominate Kevin Warsh for Federal Reserve Chair pushed the U.S. dollar higher, cooling the record-breaking rally.\nSilver prices collapsed by over 16%, falling to around $96 per ounce, while gold tumbled more than 7%, breaching the $5,000 mark. The violent swings in the precious metals market intensified, putting an end to the sustained advance that had pushed technical indicators into overbought territory. The U.S. dollar index rose as much as 0.5%, increasing the cost for most buyers to purchase precious metals; both silver and platinum prices plummeted over 10%.\nReports indicated that U.S. President Donald Trump is expected to nominate Warsh as Fed Chair. The former Federal Reserve governor has long been known as an inflation hawk, but in recent months he has publicly advocated for lowering interest rates, aligning himself with the President's stance. Trump previously stated he would announce his nominee for Fed Chair on Friday morning U.S. time.\nChristopher Wong, a strategist at OCBC Bank, said gold's move \"confirms the warning that what goes up must come down.\" He noted that while news of Warsh's nomination served as the trigger for the plunge, a correction in precious metals prices was already imminent. \"It's as if the market was waiting for an excuse to end the nearly parabolic frenzy seen recently,\" he added.\nSo far this year, gold and silver prices had already surged dramatically, with several technical indicators flashing warning signals, including the Relative Strength Index (RSI). In recent weeks, the index showed both precious metals were in overbought conditions and ripe for a pullback; gold's RSI recently hit 90, a multi-decade high.\nEven after this correction, gold's gains for January remain around 17%, still on track for its largest monthly advance since 1980. Silver's performance has been even more staggering, with a year-to-date increase of 43%.\nThe Trump administration's disruptive actions towards the global order have been a major driver of the precious metals rally, including the seizure of a Venezuelan head of state, threats to annex Greenland, and imposing tariffs on allies, among other moves. Recently, Trump has repeatedly warned of potential military strikes against Iran and stated he will levy tariffs on all countries supplying oil to Cuba.\nMeanwhile, Trump reached a temporary agreement with Senate Democrats, once again averting a U.S. government shutdown. The White House is currently continuing negotiations with Democrats in an effort to establish new restrictions for immigration raids that have sparked nationwide controversy.","news_type":1,"symbols_score_info":{"XAGUSD.FOREX":1,"XAUUSD.FOREX":1,"GLD":1,"SLV":1}},"isVote":1,"tweetType":1,"viewCount":28,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":41,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}