Written by Emily J. Thompson , Senior Investment Analyst Source: NASDAQ.COM AVGO $ 331.3 + Infinity % 1D 1D 5D 1M 3M 6M YTD 1Y 5Y 1D Line Candle Analyst Views on AVGO Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 462.58 USD with a low forecast of 390.00 USD and a high forecast of 525.00...
Written by Emily J. Thompson , Senior Investment Analyst Source: NASDAQ.COM AVGO $ 331.3 + Infinity % 1D 1D 5D 1M 3M 6M YTD 1Y 5Y 1D Line Candle Analyst Views on AVGO Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 462.58 USD with a low forecast of 390.00 USD and a high forecast of 525.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals. 28 Analyst Rating Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 462.58 USD with a low forecast of 390.00 USD and a high forecast of 525.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals. 27 Buy 1 Hold 0 Sell Strong Buy Current: 330.730 Low 390.00 Averages 462.58 High 525.00 Current: 330.730 Low 390.00 Averages 462.58 High 525.00 Wolfe Research Chris Caso Peer Perform -> Outperform upgrade $400 2026-01-30 New Reason Wolfe Research Chris Caso Price Target $400 AI Analysis 2026-01-30 New upgrade Peer Perform -> Outperform Reason Wolfe Research analyst Chris Caso upgraded Broadcom to Outperform from Peer Perform with a $400 price target. Channel checks suggest the company will ship 7mn tensor processing units by 2028, with other projects "creating optionality for numbers," the analyst tells investors in a research note. Wolfe's bull case for which Broadcom, which includes a doubling of its artificial intelligence revenue in 2027, yields $18 of earnings per share. Its price reflects 22-times this earnings power. "We can no longer ignore" Broadcom's growth and competitiveness in tensor processing units,...
(RTTNews) - The Japan stock market on Friday snapped the three-day winning streak in which it had risen almost 490 points or 0.8 percent. The Nikkei 225 now sits just above the 53,320-point plateau and it may see continued consolidation on Monday. The global forecast for the Asian markets is murky, with any upside likely limited by inflation concerns and profit taking among oil stocks. The Europea...
(RTTNews) - The Japan stock market on Friday snapped the three-day winning streak in which it had risen almost 490 points or 0.8 percent. The Nikkei 225 now sits just above the 53,320-point plateau and it may see continued consolidation on Monday. The global forecast for the Asian markets is murky, with any upside likely limited by inflation concerns and profit taking among oil stocks. The European markets were up and the U.S. bourses were down and the Asian markets figure to split the difference. The Nikkei finished slightly lower on Friday as gains from the financials, automobile producers and technology stocks limited profit taking from the broader market. For the day, the index dipped 52.75 points or 0.10 percent to finish at 53,322.85 after trading between 52,923.12 and 53,590.24. Among the actives, Nissan Motor accelerated 3.20 percent, while Mazda Motor soared 4.49 percent, Toyota Motor jumped 1.62 percent, Honda Motor strengthened 1.47 percent, Softbank Group fell 0.28 percent, Mitsubishi UFJ Financial climbed 1.01 percent, Mizuho Financial collected 1.65 percent, Sumitomo Mitsui Financial advanced 0.94 percent, Mitsubishi Electric gained 0.37 percent, Sony Group added 0.64 percent, Panasonic Holdings rose 0.31 percent and Hitachi surged 5.59 percent. The lead from Wall Street is soft as the major averages opened lower on Friday and remained under water throughout the trading day. The Dow dropped 179.09 points or 0.36 percent to finish at 48,892.47, while the NASDAQ sank 223.30 points or 0.94 percent to end at 23,461.82 and the S&P 500 lost 29.98 points or 0.43 percent to close at 6,939.03. For the week, the S&P rose 0.3 percent, the NASDAQ dipped 0.2 percent and the Dow fell 0.4 percent. The weakness on Wall Street reflected renewed concerns about inflation after the Labor Department reported that producer prices increased by much more than expected in December. New tariff threats from President Donald Trump may also have contributed to the negative sentime...
Walt Disney (NYSE:DIS) CEO Bob Iger has reportedly told associates he plans to step down and pull back from daily management before his contract expires on Dec. 31, and the entertainment giant’s board is set to meet next week to vote on a successor. In private conversations over the last few months, Iger has told people close to him that he is ready to move on from the grind of being CEO and was f...
Walt Disney (NYSE:DIS) CEO Bob Iger has reportedly told associates he plans to step down and pull back from daily management before his contract expires on Dec. 31, and the entertainment giant’s board is set to meet next week to vote on a successor. In private conversations over the last few months, Iger has told people close to him that he is ready to move on from the grind of being CEO and was frustrated by conflicts at Disney’s ABC network over the brief suspension of late-night host Jimmy Kimmel, the Wall Street Journal reported on Friday, citing people familiar with the matter. Disney did not immediately respond to Benzinga’s request for comment outside office hours. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Explore Jeff Bezos-backed Arrived Homes and see how investors are earning passive rental income — now with a limited-time 1% bonus match for new investors. Iger is expected to remain CEO for several months after the company announces who will succeed him so that he can mentor the new leader, according to WSJ. He could retain a role on the board and at the company after the CEO transition, the report said. Successor Talks Heat Up Investors have been increasingly focused on who will get the top job at the century-old company, home to legendary characters like Mickey Mouse and the blockbuster Marvel films. After a 15-year tenure, Iger stepped down as CEO in 2020, handing the reins to his handpicked successor, Bob Chapek, who had risen through Disney's theme parks division. Iger stayed on as executive chairman to advise Chapek, but the pandemic brought frequent clashes and operational challenges. By November 2022, the board ousted Chapek, prompting Iger to return for a second stint at the helm. Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investo...
Government documents have identified the two federal officers who fatally shot Alex Pretti in Minneapolis as Jesus Ochoa, a border patrol agent, and Raymundo Gutierrez, an officer with Customs and Border Protection (CBP), according to ProPublica. According to those records, Ochoa, 43, and Gutierrez, 35, were the agents who fired their weapons during the confrontation last weekend that resulted in ...
Government documents have identified the two federal officers who fatally shot Alex Pretti in Minneapolis as Jesus Ochoa, a border patrol agent, and Raymundo Gutierrez, an officer with Customs and Border Protection (CBP), according to ProPublica. According to those records, Ochoa, 43, and Gutierrez, 35, were the agents who fired their weapons during the confrontation last weekend that resulted in Pretti’s death. The shooting sparked widespread demonstrations and renewed demands for criminal inquiries into federal immigration enforcement actions. Immediately following Pretti’s killing, the Trump administration repeatedly pushed false claims about the shooting. At the time of the incident, both agents were participating in Operation Metro Surge, a large-scale immigration enforcement initiative that launched in December. The operation deployed numerous armed, masked agents throughout Minneapolis as part of a citywide sweep. CBP, the agency that employs both men, has declined to publicly name the agents involved and has released little additional information about the shooting. The lack of transparency has drawn heightened scrutiny, particularly because the incident occurred only days after another immigration agent shot and killed a different Minneapolis protester, Renee Good, a 37-year-old mother of three. Pretti’s death and the secrecy surrounding the agents’ identities have unfolded amid growing national debate over Donald Trump’s hardline immigration policies. Enforcement actions in cities nationwide have included violent encounters involving both immigrants and US citizens, carried out by agents who, controversially, are permitted to conceal their identities with masks. Lawmakers from both parties have since urged a full and transparent investigation into the killing of Pretti, who was 37 and worked as an intensive care unit nurse at a Department of Veterans Affairs hospital. Earlier this week, CBP sent a notice to select members of Congress confirming that two ag...
The main theme in Nancy Pelosi's stock investments remains "betting big on AI." Longtime California Congresswoman Nancy Pelosi, a Democrat, is known for her great long-term track record in stock investing. The former Speaker of the U.S. House of Representatives and her husband, Paul Pelosi, have a net worth of about $275 million, according to Quiver Quantitative, which tracks the net worth of poli...
The main theme in Nancy Pelosi's stock investments remains "betting big on AI." Longtime California Congresswoman Nancy Pelosi, a Democrat, is known for her great long-term track record in stock investing. The former Speaker of the U.S. House of Representatives and her husband, Paul Pelosi, have a net worth of about $275 million, according to Quiver Quantitative, which tracks the net worth of politicians. Much of that wealth can be attributed to successful stock investing, particularly in large-cap tech stocks. A San Francisco base is likely a plus for tech stock investing Paul Pelosi is likely doing most of the couple's investing, as he runs a San Francisco-based investment firm. The Pelosis are longtime residents of San Francisco, and Nancy Pelosi represents California's 11th congressional district, which includes most of the city. It would seem likely that this proximity to California's Silicon Valley, where most of the big tech companies are headquartered, has benefited their stock investing. Many folks believe that members of Congress have access to inside information that they use in their stock investing. Whether that's true or not is beyond the scope of this article. It's worthwhile to follow Nancy Pelosi's investing moves Regardless of the "whys," Paul and Nancy Pelosi's stock investing has been very successful over the long run. This fact makes it worthwhile for investors -- particularly those interested in big tech stocks -- to follow their investing moves. As a member of Congress, Nancy Pelosi is required to file a disclosure reporting stock, bond, real estate, and other investment transactions made by herself and members of her immediate family within 30 days. Nancy Pelosi's initial set of stock moves in 2026 Pelosi recently filed her first 2026 financial disclosures, reporting the following transactions on Jan. 23. The Pelosis use call options for much of their stock purchasing. But you can still shadow their moves without using options, which are too ...
Key Points Sold 210,541 shares of FLXR; estimated transaction value ~$8.36 million based on the quarter’s average price. Quarter-end FLXR position value decreased by $8.42 million, reflecting both share sale and price movement. Trade represented a 1% change in 13F reportable AUM. Post-trade holding: 223,732 shares valued at $8.86 million. FLXR now accounts for 1.06% of fund AUM, placing it outside...
Key Points Sold 210,541 shares of FLXR; estimated transaction value ~$8.36 million based on the quarter’s average price. Quarter-end FLXR position value decreased by $8.42 million, reflecting both share sale and price movement. Trade represented a 1% change in 13F reportable AUM. Post-trade holding: 223,732 shares valued at $8.86 million. FLXR now accounts for 1.06% of fund AUM, placing it outside the fund’s top five holdings. These 10 stocks could mint the next wave of millionaires › On January 22, 2026, Brookwood Investment Group disclosed in an SEC filing that it sold 210,541 shares of TCW Flexible Income ETF (NYSE:FLXR) in the fourth quarter of 2025, an estimated $8.36 million transaction based on quarterly average pricing. What happened According to a SEC filing dated January 22, 2026, Brookwood Investment Group sold 210,541 shares of TCW Flexible Income ETF during the fourth quarter of 2025. The estimated value of the transaction was $8.36 million based on the period’s average price. The position’s quarter-end value decreased by $8.42 million, a figure that includes both share sales and price changes. What else to know Brookwood’s FLXR stake now stands at 1.06% of reportable AUM after the reduction. Top holdings as of the filing: NASDAQ: NVDA: $48.79 million (6.0% of AUM) NYSEMKT: VTI: $48.26 million (5.9% of AUM) NYSEMKT: VUG: $32.68 million (4.0% of AUM) NASDAQ: AAPL: $31.63 million (3.9% of AUM) NASDAQ: GOOGL: $22.13 million (2.7% of AUM) As of January 21, 2026, FLXR shares were priced at $39.67, up 8.15% over the past year, underperforming the S&P 500 by 5.51 percentage points. Dividend yield stood at 5.64% as of January 22, 2026; FLXR was 0.71% below its 52-week high. ETF overview Metric Value AUM $2.44 billion Dividend yield 5.64% Price (as of market close January 21, 2026) $39.67 1-year total return 8.15% ETF snapshot Actively managed fixed income ETF investing globally across government and corporate bonds, asset-backed securities, bank loans, municipa...
FLXR is an actively managed ETF providing diversified exposure to global fixed income markets through a flexible, multi-sector approach. On January 22, 2026, Brookwood Investment Group disclosed in an SEC filing that it sold 210,541 shares of TCW Flexible Income ETF (FLXR 0.03%) in the fourth quarter of 2025, an estimated $8.36 million transaction based on quarterly average pricing. What happened ...
FLXR is an actively managed ETF providing diversified exposure to global fixed income markets through a flexible, multi-sector approach. On January 22, 2026, Brookwood Investment Group disclosed in an SEC filing that it sold 210,541 shares of TCW Flexible Income ETF (FLXR 0.03%) in the fourth quarter of 2025, an estimated $8.36 million transaction based on quarterly average pricing. What happened According to a SEC filing dated January 22, 2026, Brookwood Investment Group sold 210,541 shares of TCW Flexible Income ETF during the fourth quarter of 2025. The estimated value of the transaction was $8.36 million based on the period’s average price. The position’s quarter-end value decreased by $8.42 million, a figure that includes both share sales and price changes. What else to know Brookwood’s FLXR stake now stands at 1.06% of reportable AUM after the reduction. Top holdings as of the filing: NASDAQ: NVDA: $48.79 million (6.0% of AUM) NYSEMKT: VTI: $48.26 million (5.9% of AUM) NYSEMKT: VUG: $32.68 million (4.0% of AUM) NASDAQ: AAPL: $31.63 million (3.9% of AUM) NASDAQ: GOOGL: $22.13 million (2.7% of AUM) As of January 21, 2026, FLXR shares were priced at $39.67, up 8.15% over the past year, underperforming the S&P 500 by 5.51 percentage points. Dividend yield stood at 5.64% as of January 22, 2026; FLXR was 0.71% below its 52-week high. Expand NYSE : FLXR Tcw ETF Trust - Tcw Flexible Income ETF Today's Change ( -0.03 %) $ -0.01 Current Price $ 39.75 Key Data Points Day's Range $ 39.74 - $ 39.81 52wk Range $ 38.40 - $ 39.97 Volume 385K ETF overview Metric Value AUM $2.44 billion Dividend yield 5.64% Price (as of market close January 21, 2026) $39.67 1-year total return 8.15% ETF snapshot Actively managed fixed income ETF investing globally across government and corporate bonds, asset-backed securities, bank loans, municipal securities, and money market instruments. Portfolio composition is flexible by maturity, credit quality, and geography, with allocations adjusted ac...
Greater clarity on Thailand’s spending plans and measures to support growth are at the top of investors’ list as the country heads into a general election amid gains in the stock market. Financial and retail shares are seen as key beneficiaries of prospective stimulus and faster budget disbursement once the new government is formed. Health-care, telecommunications and tourism firms may also be sup...
Greater clarity on Thailand’s spending plans and measures to support growth are at the top of investors’ list as the country heads into a general election amid gains in the stock market. Financial and retail shares are seen as key beneficiaries of prospective stimulus and faster budget disbursement once the new government is formed. Health-care, telecommunications and tourism firms may also be supported as political uncertainty eases. The Feb. 8 vote, which could usher in the country’s fourth government in three years, is shaping up as a key test of whether a nascent rally in Thai equities this month can be sustained. Major political parties have pledged immediate financial relief to the nation’s 53 million voters and are looking to boost economic growth , which has trailed regional countries. The benchmark Stock Exchange of Thailand Index has risen more than 5% in January — its biggest monthly gain since July — to outperform emerging Southeast Asian peers. The advance comes after markets in Thailand ended 2025 as the worst performer in Asia. Meanwhile, the baht ’s surge has raised concerns among officials. The currency is trading near its strongest in five years. “The equity environment after the elections will probably be better,” said Christopher Leow , chief investment officer at Principal Asset Management in Singapore. There will be more clarity on who will be in the government and whether the fiscal and growth strategy will be credible, he said. Here are some key sectors investors will be monitoring: Consumption Plays Pledged subsidy measures, along with campaign spending, would likely give consumer stocks a boost, according to Nirgunan Tiruchelvam , analyst at Aletheia Capital Ltd. That would benefit firms including Charoen Pokphand Foods Pcl , CP All Pcl and CP Axtra Pcl , he said. Still, the country’s high household debt may limit increases in consumer spending, according to Maybank Securities. The economy is burdened by 16.3 trillion baht ($522 billion) of...
As part of an effort to become more efficient with artificial intelligence, Amazon is cutting another 16,000 jobs. This latest round of job cuts, which were announced on January 28, 2026, include employees who had just finished "organizational changes" that followed a previous mass layoff of 14,000 employees, in October 2025. The 30,000 jobs that Amazon has eliminated in the past three months is e...
As part of an effort to become more efficient with artificial intelligence, Amazon is cutting another 16,000 jobs. This latest round of job cuts, which were announced on January 28, 2026, include employees who had just finished "organizational changes" that followed a previous mass layoff of 14,000 employees, in October 2025. The 30,000 jobs that Amazon has eliminated in the past three months is equivalent to about 9% of its staff. It's also worth noting that these layoffs began roughly one month after Amazon made a $2.5 billion settlement over Amazon Prime membership fees. However, what's really driving job cuts is Amazon CEO Andy Jassy's goal of getting more done with artificial intelligence — instead of people. "As we roll out more Generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," Jassy wrote in an Amazon News post in June 2025. "It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." Amazon SVP Beth Galetti stated in a message to employees, that all U.S.-based corporate employees being laid off would have the chance to look for roles elsewhere in the company. Meanwhile, those who opt to leave will be given "transition support" that includes severance pay and health insurance.
Her 29-year-old son, who is not part of the royal family, denies the most serious charges against him. One charge of rape involves intercourse while a woman was asleep. Three others allege sexual assault while women were incapacitated, which also counts as rape in Norway.
Her 29-year-old son, who is not part of the royal family, denies the most serious charges against him. One charge of rape involves intercourse while a woman was asleep. Three others allege sexual assault while women were incapacitated, which also counts as rape in Norway.
Manchester City's second-half performances are becoming a concern for them, and might just end up costing them in the Premier League title race. After Sunday's collapse from 2-0 up to draw 2-2 against Tottenham, City have now failed to see out three of the past four league games where they have been ahead at half-time. The other times they have been pegged back for draws since the turn of the year...
Manchester City's second-half performances are becoming a concern for them, and might just end up costing them in the Premier League title race. After Sunday's collapse from 2-0 up to draw 2-2 against Tottenham, City have now failed to see out three of the past four league games where they have been ahead at half-time. The other times they have been pegged back for draws since the turn of the year, at home to Chelsea and Brighton, did not see the same dramatic drop-off in performance as in the second half against Spurs. However, in all three matches they will look back and think they had chances to make the points safe. The turnaround at Tottenham Hotspur Stadium was down to what both teams were like after the break - a re-energised and fired-up Spurs, with some new personnel and a different system, against what I think was a complacent City side. Tactics do matter here, of course, and Tottenham stopped City playing through them the way they had in the first half - but what made more of a difference for Spurs in their fightback was the way their attitude and desire was much greater than City's. In any game, I always believe that if the team with the better players matches the energy, desire and running power of the team with less quality, and wins the important duels, then they will win the game or maintain their lead. I do not think City lost their way because Spurs suddenly had more quality than them - it was more that Tottenham just wanted it more in the second half. That is a concern for Pep Guardiola, especially because his team are trying to put pressure on leaders Arsenal.
Oil plunged as geopolitical risk premiums faded after US President Donald Trump said Washington is talking with Iran, while it also got caught up in a broader commodities selloff. Brent plummeted more than 7% at one point and was trading near $66 a barrel, while West Texas Intermediate was close to $62. Trump downplayed Iran supreme leader Ayatollah Ali Khamenei’s threats of a regional war over th...
Oil plunged as geopolitical risk premiums faded after US President Donald Trump said Washington is talking with Iran, while it also got caught up in a broader commodities selloff. Brent plummeted more than 7% at one point and was trading near $66 a barrel, while West Texas Intermediate was close to $62. Trump downplayed Iran supreme leader Ayatollah Ali Khamenei’s threats of a regional war over the weekend, reiterating he’s hopeful they’ll make a deal. “The move lower looks more like a positioning reset than a fundamental shift,” said Haris Khurshid , chief investment officer at Karobaar Capital LP. “With no new supply shock, oil is giving back some risk premium as the market recalibrates after pricing in near-term disruption that just didn’t materialize.” Crude was also hit as commodities - particularly metals - came under intense selling pressure. Gold fell as much as 10% and copper dropped more than 5% as they continued a retreat that started on Friday, following sharp rallies in the last few weeks. Recent gains in the dollar are also making oil more expensive for many buyers. Oil had rallied after weeks of escalating tensions that pushed Iran and the US to the brink of conflict, following threats by Trump in January to attack over Tehran’s deadly crackdown on protests. That heightened the risk of disruptions to supply in the region, which provides about a third of the world’s crude, and shifted the focus away from a growing global glut . Meanwhile, the next trilateral meetings between the US, Russia and Ukraine will be held Feb. 4-5 in Abu Dhabi, Ukrainian President Volodymyr Zelenskiy said. There was little breakthrough in previous talks to end the war — which will soon enter a fifth year and has led to sanctions on Russia’s oil trade. Elsewhere, OPEC+ ratified plans to keep production steady in March — the last part of a three-month supply freeze — even after the recent surge in prices. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . Bre...
Opendoor is making a dramatic change to its business model. Opendoor Technologies (OPEN 7.80%) is a money-losing start-up. That's the first thing that investors need to understand before buying the stock, but it isn't the only thing. While risk-averse investors should likely watch Opendoor from the sidelines, here are two more things an aggressive investor needs to know before jumping in. 1. Opend...
Opendoor is making a dramatic change to its business model. Opendoor Technologies (OPEN 7.80%) is a money-losing start-up. That's the first thing that investors need to understand before buying the stock, but it isn't the only thing. While risk-averse investors should likely watch Opendoor from the sidelines, here are two more things an aggressive investor needs to know before jumping in. 1. Opendoor's core business may not be scalable Opendoor is, at its core, a house flipper. It offers home sellers a quick and easy sale. Once Opendoor owns the home, it fixes it up and then turns around and sells it, hopefully for a higher price than what it paid. There's nothing wrong with doing this; small investors have been flipping homes for years. The big difference is that Opendoor is trying to flip thousands of homes. Given the company's history of losing money, it is far from clear that home flipping is possible at an institutional level. In other words, the company's core purpose may simply not be workable. When a small investor flips a home, they usually know the local housing market well and fix the home up themselves. And, notably, each home is unique. Opendoor could simply be trying to bite off more than it can chew. 2. Opendoor used the magic buzzword In 2025, Opendoor brought in a new CEO, Kaz Nejatian. Some of the first words out of Nejatian's mouth were "artificial intelligence." That's the hot market story right now, but just saying AI doesn't make Opendoor an attractive artificial intelligence stock. Expand NASDAQ : OPEN Opendoor Technologies Today's Change ( -7.80 %) $ -0.43 Current Price $ 5.14 Key Data Points Market Cap $4.9B Day's Range $ 5.07 - $ 5.58 52wk Range $ 0.51 - $ 10.87 Volume 1.3M Avg Vol 89M Gross Margin 8.01 % However, the risk is that the AI transition taking place means staff reductions. It isn't clear that AI will be any better at house flipping than the company's human employees were. If AI falls short of expectations, Opendoor would have a ...
Gold fell, extending its biggest plunge in more than a decade, as traders digested the dramatic reversal of a rally that had lifted prices to all-time highs. Silver also plunged. Spot gold dropped as much as 4% in early trading on Monday, while silver plunged as much as almost 12%, having recorded its biggest ever intraday decline in the previous session. The selloff in precious metals was trigger...
Gold fell, extending its biggest plunge in more than a decade, as traders digested the dramatic reversal of a rally that had lifted prices to all-time highs. Silver also plunged. Spot gold dropped as much as 4% in early trading on Monday, while silver plunged as much as almost 12%, having recorded its biggest ever intraday decline in the previous session. The selloff in precious metals was triggered by news that US President Donald Trump would nominate Kevin Warsh to lead the Federal Reserve, which sent the dollar higher. While market watchers had warned the scorching rallies were due for a correction, the scale of the drop went beyond most investors’ expectations. Read More: Chinese Speculators Set the Stage for Gold and Silver Crash Gold fell 3.2% to $4,742,73 an ounce as of 7:16 a.m. Singapore time. Silver slid 7.7% to $78.64. Platinum and palladium declined. The Bloomberg Dollar Spot Index , a gauge of the US currency, gained 0.9% in the previous session.