Gold falls 1.5% on firm dollar, silver recovers from over three-week low

February 2, 2026

Gold prices fell on Monday, influenced by a strengthening dollar and uncertainty surrounding U.S. President Trump’s Fed chair pick, Kevin Warsh. Investors are assessing Warsh’s potential approach to interest rate cuts, while silver saw a recovery. U.S. economic data indicated potential inflation pickup, impacting rate cut expectations.

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