230
Can someone smarter than me tell me if this affects me or not?
(sh.itjust.works)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Feb 2026
230 points (100.0% liked)
Out of the loop
14899 readers
1 users here now
A community that helps people stay up to date with things going on.
founded 2 years ago
MODERATORS
It does affect you, in a sense that this represents volatility, which in turn is usually bad: it means that investors are nervous with policies, markets etc. It is a symptom for the chaos currently fueling the world.
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.