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Standby for Trump's Fed Chair Pick, Gold Retreats, USD Climbs | The Opening Trade 1/30/2026

The Trump administration is reportedly preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair. Warsh, a former Fed governor and one of the four finalists on Trump's shortlist to be the next central bank leader, is said to have visited the White House on Thursday. Gold and silver sold off heavily on the news, cooling a record-breaking rally. The Bloomberg dollar index climbed, gaining versus all its major peers, while the Treasuries drop was led by the long-end with 30-year yields jumping. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)