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Gold falls over 2%
Finance
- 30 January, 2026
- 11:01
Gold prices fell more than 2% on Friday morning, weighed down by a combination of factors, including expectations for the announcement of a new Federal Reserve chairman, Report informs referring to trading data.
The price of April gold futures on the New York Comex exchange fell $117.40 from the previous close, or 2.19%, to $5,237.40 per troy ounce.
March silver futures fell 2.96% to $111.045 per ounce.
Investors are monitoring news regarding US monetary policy. US President Donald Trump announced that he will announce the nomination of a new Federal Reserve chairman on Friday morning local time. He has previously repeatedly criticized current Fed Chairman Jerome Powell for his slow pace of interest rate cuts.
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