How to trade the market spiral as investors dump gold, silver and oil
Government
Precious metals and oil prices extended losses on Monday, with analysts and strategists flagging U.S. President Donald Trump 's choice of Kevin Warsh as successor to Federal Reserve Chair Jerome Powell as a key trigger to the latest downturn. Spot gold prices traded 3.2% lower at $4,713.39 per ounce during early European trading hours, deepening losses from a historic rout on Friday, when it fell more than 9% to notch its sharpest one-day drop since 1983. Spot silver prices fell 2.7% at $82.29
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