📺 Polka Mishra joined Martin Soong and Chery Kang on CNBC Squawk Box Asia to discuss the recent selloff in the precious metals space.
Following news around Kevin Warsh’s nomination as Fed Chair, markets saw a sharp move out of gold alongside a strengthening US dollar. While the selloff appeared sudden, Polka described it as a healthy correction after an extended and crowded rally.
As Polka highlighted,
🟡 Gold continues to be the primary safe-haven asset, supported by central bank buying and ongoing macro and geopolitical uncertainty.
⚪ Silver reflects a different dynamic, with growing industrial demand it is increasingly becoming part of investors’ portfolios despite higher volatility.
🟤 Other precious metals remain supported due to demand-supply dynamics, especially linked to the AI value chain.
🔗Watch the full segment: https://www.cnbc.com/video/2026/02/04/reallocation-from-gold-to-usd-was-healthy-javelin-wealth-management.html