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Metal prices continue last week's rout

Metal prices continue last week's rout

Squawk Box Europe Express · CNBC International

February 2, 202626m 41s

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Show Notes

Gold and silver spot prices continue to plunge following Friday’s rout which saw the worst one-day decline since 1980 as investors digest President Trump’s decision to nominate Kevin Warsh as Federal Reserve Chairman. Crude prices ease back from multi-month highs after Trump says the Iranian regime is engaging in “serious” talks with Washington to avert U.S. military strikes and to strike a deal on its nuclear programme. In Asia, equities kick off the new week deep in the red. South Korea’s KOSPI leads the regions losses and has triggered brief pause in trading. And the U.S. government enters a partial shutdown despite a late Senate deal on DHS funding. House Speaker Mike Johnson says the House will vote by the end of tomorrow.  

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Topics

stock market newsmarket newsKaren TsoEurope business newssquawk box podcastArabile Gumedeeurope cnbcCNBC LondonEuropean business newseurope squawk boxGeoff CutmoreCNBC podcastCNBC EuropeSteve SedgwickCNBC podcastsSquawk Box EuropeCNBC InternationalEurope newsstocksCNBCinvestingmarketsPOLITICSEconomicsmoneyFinancial MarketsSquawk BoxBusiness NewsMIKE JOHNSONU.S. FEDERAL RESERVEKOSPIGOLDU.S. GOVERNMENT SHUTDOWNKEVIN WARSHTRUMPSILVEROIL