Recently, gold and silver were hit by one of the sharpest sell‑offs in years after U.S. President Donald Trump announced his nomination of Kevin Warsh as the next Federal Reserve Chair. This one announcement sent shockwaves through the precious metals markets.Kevin Warsh is widely seen as a hawkish candidate — meaning he’s more likely to support higher interest rates or avoid big rate cuts. That kind of policy is typically bad news for gold, because gold doesn’t pay interest. Investors had expected Trump to choose someone who might force the Fed into easier policy (which usually supports gold).After the nomination news, the U.S. dollar rose strongly. A stronger dollar makes gold more expensive in other currencies, which reduces demand and pushes prices down.Gold had recently hit all‑time highs, so many traders were already holding big profits. The unexpected news gave them a reason to sell first, ask questions later, accelerating the drop.The reaction was dramatic:Gold prices fell around 8–12% in a single session — the biggest drop in decades.Spot gold tumbled from record highs above $5,500 per ounce down sharply — breaking below $5,000 at one point.Silver was even more volatile, with declines of 20–30% in some reports.Precious metal miners and related sectors also suffered broad sell‑offs.This wasn’t just a small pullback — it was one of the most powerful reversals in the gold market in decades.Safe‑haven demand weakened — after weeks of political uncertainty driving gold up, markets suddenly believed the Fed might be more stable and less dovish than expected.Investors rotated back into risk assets (stocks, cryptos) and the dollar.Technical traders triggering stop orders made the sell‑off accelerate.Gold’s crash after Trump’s announcement was not random .it was driven by a change in investor expectations about Fed policy, a stronger dollar, and heavy profit‑taking after a historic rally. While gold had been rising on fear and uncertainty, the nomination news reduced that fear and shifted sentiment, leading to a sharp correction