Gold Prices Crash: Trump's Decision, Market Correction Trigger Massive Fall

• Gold and silver markets experienced a dramatic fall, with gold plummeting from $5,587 to $4,403 and silver crashing by 30-36%.
• US President Donald Trump's proposal of Kevin Warsh as Federal Reserve Chairman strengthened the dollar, impacting gold.
• Profit-taking at peak levels and increased margin rates by Chicago Mercantile Exchange intensified selling pressure.
• Kevin Warsh's inflation-controlling stance signaled potential interest rate hikes, decreasing the value of non-interest-bearing assets like gold.
• Analysts view the decline as a necessary market correction for long-term growth, not a loss of investor confidence.