Everything Will Be Revealed in the End
Market Volatility and Leadership Changes Make Headlines
Just when it seemed gold would dominate the conversation once more, the precious metal surged to a new all-time high above $5,500 per ounce—more than twice its value from the previous year—only to swiftly retreat by nearly 14% and finish the week below $5,000. Despite these dramatic moves, gold’s fluctuations appeared modest compared to the sharp volatility seen in silver and natural gas. Meanwhile, crude oil prices climbed 5% over the week, fueled by escalating tensions with Iran. Amidst this turbulent backdrop in the commodities sector, Friday brought a major development: President Trump selected Kevin Warsh to serve as the 17th Chair of the Federal Reserve.
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