Gold Slips Below $5,000/oz as Markets Await Donald Trump’s Pick for Federal Reserve Chair

Global markets felt price pressure on precious metals this week as gold slipped below $5,000 per ounce amid growing anticipation over who U.S. President Donald Trump will nominate as the next Federal Reserve Chair. Investors around the world watched closely as expectations of policy shifts weighed on commodities and currency markets, pushing gold lower even though it remains strong every month.