The Economic Times

US dollar jumps to biggest one-day gain since July after silver price and gold crashes today - why Kevin Warsh Fed nomination sparks global market chaos

US dollar biggest one-day gain: The US dollar saw a significant surge on Friday, its biggest one-day gain since July. This rally followed a sharp decline in gold and silver prices, which impacted currencies globally. The nomination of Kevin Warsh to lead the Federal Reserve also played a role. Commodity-linked currencies experienced notable drops as precious metals prices tumbled.