Gold price today: Bullion slips below $5,000 after Trump taps Warsh for Fed chair
Spot gold plunged as low as $4,957.54 an ounce Friday after President Trump named Kevin Warsh as his pick for Federal Reserve chair, boosting the dollar and triggering profit-taking. The drop ended gold’s record rally, with prices down 5.7% by midday. Canada’s S&P/TSX Composite fell 1.53% on weaker gold and oil. Traders are watching next week’s U.S. jobs and inflation data for further direction.