this post was submitted on 03 Feb 2026
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Can someone smarter than me tell me if this affects me or not? (sh.itjust.works)
submitted 2 months ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world
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[–] Furbag@lemmy.world 1 points 2 months ago

Gold prices falling is usually an indicator of market stability rather than volatility. I suspect the new fed chair pick is the cause for the selloff. Although he seems more like a business-as-usual sort of guy rather than a Trump crony so I don't know why anybody thinks he will do anything differently compared to Powell.