Why gold prices are suffering shocks amid jitters over U.S. monetary policy #CGTN

Why gold prices are suffering shocks amid jitters over U.S. monetary policy
Gold prices fell by more than nine percent, the sharpest one-day drop since 1983. That’s shortly after the precious metal touched a record high of $5,500 per ounce last month. Nevertheless, the price is still about 70 percent higher than it was at the same time last year. Some analysts point to President Trump’s nomination of Kevin Warsh for Fed chair as a key factor. This volatility forces several questions to the forefront: What are the biggest worries over U.S. monetary policy? What could ease the appetite for precious metals? Furthermore, how is China balancing domestic market stability with its strategic reserves amid such swings?
#gold #dollar #preciousmetal #federalreserve #monetary

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