Why did gold and silver drop on the Warsh headline?

Markets read Kevin Warsh as stricter on inflation and supportive of a smaller Fed balance sheet. That view lifts real yields and the dollar, which weigh on precious metals. In short, higher carry and a stronger currency reduce the appeal of non-yielding assets like gold and silver.

How does S&P 500 today affect Indian equities?

Softer S&P 500 today with a stronger dollar can slow global risk appetite. That may pressure FPI inflows, lift USDINR, and tighten financial conditions locally. Exporters and IT can benefit from currency tailwinds, while metals and high-debt names may face more volatility until policy direction is clearer.

What indicators matter most this week?

Focus on US yields, the dollar index, and any signals on Fed independence or balance-sheet runoff. On the index, watch the 50-day average near 6852 on pullbacks and the 7000 area for resistance. Volume versus average, and daily ranges, can confirm whether moves have real conviction.

Are rate cuts now delayed if Warsh leads the Fed?

Markets are repricing toward later and fewer cuts under a more hawkish stance. Final timing depends on inflation and jobs data. If independence holds and inflation cools, cuts can still come, but the path likely stays gradual. Position sizing and risk controls matter more than precise dates.

Law and Government

S&P 500 Today, February 03: Warsh Fed Pick Triggers Metals Rout

ByDanny Kontos February 3, 2026February 3, 2026

S&P 500 today trades at 6939.02, down 0.43% with a day range of 6893.48 to 6964.09 as traders react to Kevin Warsh’s potential at the Fed. Volume is 6.70 billion, above its 5.07 billion average. The dollar is firmer and gold silver crash talk is back. YTD gains stand near 1.15%, with 1-year up 14.27%. For India, Fed independence, rate-cut odds, and balance-sheet signals now guide near-term risk.