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Stock impact report

Silver drops 30%, gold tumbles 10% as Trump Warsh pick eases Fed independence fear, triggers dollar rally [MSNBC.com]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: MSNBC.com
Argor-Heraeus' CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022.Denis Balibouse | ReutersGold and silver prices plunged Friday, as PresidentDonald TrumpnominationSpot silverStock Chart IconStock chart iconMeanwhile,spot goldSpot goldThe sharp moves down were initially triggered by reports of Warsh's nomination. However, they gained steam in afternoon U.S. trading as investors who piled into the metals raced to book profits. Metals were also under pressure as the dollar spiked higher, making it more expensive for foreign investors to buy gold and silver and spoiling the theory that metals would replace the greenback as the globe's reserve currency.dollar index"This is getting crazy," said Matt Maley, equity strategist at Miller Tabak. "Most of this is probably 'forced selling.' This has been the hottest asset for day traders and other short-term traders recently. So, there has Show less Read more
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