Why did gold price falls accelerate after Kevin Warsh’s nomination?

Markets quickly priced tighter policy and fewer rate cuts. That lifted real yields and strengthened the US dollar, both negative for non-yielding assets. Positioning was crowded after a parabolic rise, so stops and margin calls kicked in. The headline sped up selling that was already likely once momentum faded.

How does a strong US dollar affect CHF gold quotes?

Gold is priced in USD. When the dollar rises, the metal often falls in dollar terms, then Swiss investors also face an FX drag when converting to CHF. The two-step effect can deepen drawdowns. If USDCHF later eases, CHF prices can recover faster than USD quotes, but timing is uncertain.

Is the silver price crash likely to continue?

It depends on technical stabilization, volatility, and flows. If prices reclaim broken support on strong volume and ETF outflows slow, pressure may ease. If the dollar stays strong and risk targeting funds keep cutting, further weakness is possible. Watch intraday spreads and liquidity, which can hint at a stronger base.

What should Swiss investors do after a big metals selloff?

Review allocation, liquidity, and costs. Consider phased buys with limits in CHF, avoid leverage, and compare ETF versus bullion premiums. If you hold USD exposure, decide whether to hedge part of it. Use clear stop levels and reassess after daily closes rather than reacting to intraday spikes.

Global Market Insights

Gold Price Today, February 2: Warsh Fed Pick Triggers Brutal Selloff

ByHuzaifa Zahoor February 2, 2026

Gold price falls dominated markets on February 2 after Kevin Warsh was nominated to lead the Federal Reserve. The move sparked a stronger dollar and fears of tighter policy, driving a fast selloff. Gold slid about 12% while silver tumbled 36% from recent highs. For Swiss investors, the shock came after a parabolic run that lifted volatility and risks. We explain what changed, why the strong US dollar matters for CHF quotes, and what to watch next.