The unraveling of the "debasement trade" has kicked into high gear over the past week, and angry investors can blame Federal Reserve Chair Kevin Warsh. Prices of gold, silver and bitcoin slipped below key psychological levels on Wednesday, with gold falling below $4,000 (GC00) an ounce for the first time in seven months and silver breaking below $60 an ounce (SI00) for the first time in about as long, FactSet data showed. Bitcoin also slipped below $60,000 (BTCUSD) for the first time since late 2024. A strengthening U.S. dollar and fears of interest-rate hikes later this year under the Warsh-led Fed have been ... (full story)