Why Trump's pick for Fed chair is causing gold and silver to tumble from records [Business Insider]
Interactive Brokers Group, Inc. - Class A (IBKR)
Last interactive brokers group, inc. - class a earnings: 4/21 04:01 pm
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Source: Business Insider
Have an account? Log in Gold and silver saw dropped from record highs on Friday Gold dropped 7% early in the day while silver plunged 15%, as traders assessed Trump's pick for Fed chief. Kevin Warsh's nomination boosted the dollar and took some wind out of the debasement trade. The rally pushing gold and silver to new records finally stumbled on Friday as markets reacted to Donald Trump's pick to run the Federal Reserve. Kevin Warsh , a former Fed Governor, will replace Jerome Powell this year if confirmed by the Senate. The news sent metals tumbling on Friday as investors repriced their outlook for monetary policy and the so-called debasement trade that's helped gold'd record-setting rally took a hit. Gold , which is still up more than 70% in the last year, dropped 7% to trade around $5,000 an ounce. It had briefly dipped below $5,000 before paring losses. Silver , which has roared more than 200% higher in the last year, plunged as much as 15% to trade around $99 an ou
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IBKR
Earnings
- 1/20/26 - Beat
IBKR
Sec Filings
- 1/28/26 - Form 4
- 1/26/26 - Form 4
- 1/26/26 - Form 4
- IBKR's page on the SEC website