Trump said on Friday that he wants Kevin Hassett to continue in his current role instead of taking up a position at the Federal Reserve. He praised Hassett’s visibility in the media, noting that he speaks confidently on television, unlike most Fed officials who usually stay quiet. Trump added that for now he prefers Hassett to remain where he is, though the situation could change later.
Following these remarks, the US dollar strengthened sharply, with the dollar index rising more than 20 points. As the dollar gained momentum, gold and silver came under strong selling pressure, pushing prices sharply lower and dragging spot levels to new lows.
