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Gold slumps after Trump picks Kevin Warsh for Fed Chair

Posted

January 30, 2026

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Despite reaching a record high earlier this week, the price of gold is now falling after President Trump planned to nominate Kevin Warsh as the next chair of the Federal Reserve. Sabrina Escobar, reporter covering the stock market at Barron's, joins "The Daily Report" to discuss.

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President TrumpKevin WarshFederal Reserve Sabrina EscobarThe Daily ReportCBS News YouTubeWatch CBS News DownloadFollow CBS NewsInstagram Like CBS News

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Gold slumps after Trump picks Kevin Warsh for Fed Chair · CBS News · Sentinel