Investors have been parking their money in safe-haven assets for months. Could a stronger dollar and changes at the Fed reverse that trend? Gold and silver have had an exceptional year, breaking record high prices on what’s felt like a daily basis.

Gold and silver suffered one of their worst days in decades after Trump named Kevin Warsh as his Fed chair pick, reviving fears of tighter policy and higher rates.

Gold rose as weakening confidence in the dollar and concerns ‍around the independence of ‍the U.S. Federal Reserve boosted ‍demand for the safe-haven metal.

Gold, silver and copper suffered from a selloff on Friday, as the dollar rose on expectations that Kevin Warsh will be the next Federal Reserve chair.

Silver saw a brutal reversal on Friday, down more than 30%. Gold dropped more than 10% and stocks tumbled as traders reacted to Trump's pick for Fed chair.

The precious metals have soared to record highs in recent weeks.

Though Trump clearly remains sceptical of central bank independence, his appointment of Warsh suggests he recognises the importance Fed credibility.

Heading into the FOMC meeting, market participants are pricing in around 97% probability of a rate hold. The outlook for the dollar is shaky. Many investors are choosing gold instead of USD.

By Anmol Choubey Jan 30 (Reuters) - Gold prices fell as much as 8% on Friday, dipping below the $5,000 per ounce mark, as the dollar firmed following President Donald Trump's announcement of his choice for Federal Reserve chair,

The price of gold hit a new all-time high Wednesday morning as the precious metal surged more than 20% this year.