Gold and silver prices have continued to fall after a dramatic reversal of a rally that had pushed precious metals to record highs.
Spot gold prices fell nearly 10% at one point while silver slumped by 15% before both metals recovered some ground.
Prices had hit fresh records in January as investors parked money in so-called “safe haven” assets due to geopolitical uncertainties.
Markets had also been worried about the independence of the US Federal Reserve, but metals prices fell on Friday after President Donald Trump nominated Kevin Warsh, a former central bank governor, to be its new chair.
