Trump's Fed Pick Kevin Warsh Triggers Gold, Silver Market Crash

• News of Kevin Warsh's potential appointment as US Federal Reserve Chairman caused a sudden collapse in gold and silver prices globally.
• On January 30, 2026, MCX saw gold plummet by ₹13,000/10g and silver by ₹60,000/kg, hitting lower circuits.
• International markets mirrored the crash, with COMEX silver falling below $100/ounce.
• Warsh, a 'hawkish' policymaker, is known for his strict stance against inflation, which strengthens the dollar and negatively impacts bullion.
• His appointment, coupled with gold and silver being in an overbought zone, acted as a trigger for profit-taking and fear-driven selling.

Why It Matters: Kevin Warsh's hawkish reputation as Trump's Fed pick caused a massive, sudden crash in gold and silver prices.