🌟The Historic Rise vs The "Warsh" Reversal🌟
🔸 The Historic Rise : Driven by intensifying geopolitical risks and uncertainty over U.S. tariff policies, gold prices climbed relentlessly early in the week. By January 29, 2026, international spot gold reached an unprecedented peak of $5,608.35 per ounce. In India, 24K gold similarly touched a record high of ₹1,83,000 per 10 grams. This rally was fueled by a "fear-of-missing-out" (FOMO) rush among retail investors and sustained buying by central banks seeking to diversify away from the U.S. dollar.
🔸The "Warsh" Reversal: The momentum shifted dramatically on Friday, January 30, following reports that Donald Trump had nominated former Federal Reserve Governor Kevin Warsh as the next Fed Chair. Markets viewed Warsh as an "inflation hawk" who would likely uphold central bank independence and maintain a firmer stance on interest rates.