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Gold price plummets as markets prepare for Fed chair announcement — as it happened

The prices of gold and silver have plummeted in Asian trade as markets prepare for a surprise Federal Reserve announcement, and the ASX 200 has finished the week on a negative note. Look back on the day's finance news in our business blog.

30 January 2026

The prices of gold and silver have dived in Asian trade as markets prepare for a surprise Federal Reserve announcement.

US President Donald Trump says he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, local time, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh.

The ASX 200 has finished the week on a negative note, but the market responded positively to Nine selling off its radio assets.

Look back on the day's finance news in our business blog.

Disclaimer: this blog is not intended as investment advice.

[finance jan 30 blog]

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