Kevin Warsh's Fed Chair Speculation Triggers 15% Gold, Silver Crash; Trading Halted

• Speculation about Kevin Warsh becoming the next US Fed Chair caused a massive sell-off in gold and silver, strengthening the dollar.
• On January 30, 2026, MCX saw gold fall by 13,000 rupees/10g and silver by 60,000 rupees/kg, triggering lower circuits.
• Silver trading on MCX was halted after a 15% drop, hitting a lower circuit at 351,906 rupees/kg.
• Warsh is considered a hawkish policymaker, favoring strict anti-inflation measures, which typically strengthens the dollar and negatively impacts bullion.
• Despite the sharp fall, experts suggest that while short-term volatility will continue, gold and silver may see renewed buying interest on dips due to ongoing global uncertainties.

Why It Matters: Kevin Warsh's potential Fed Chair nomination caused a significant gold and silver market crash due to hawkish policy fears.