What’s News in Markets: Fed Chair, Layoffs, Meme Stock

Speaker 00:01

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Speaker 10:29

Hey, listeners, Your Money Briefing is on a break, but it will be back with more personal finance information for you in the future. Until then, here's the news moving markets this week.

Krystal Hur· Host0:40

[upbeat music] Hey, listeners, it's Saturday, January thirty-first. I'm Crystal Her for The Wall Street Journal, and this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them. Let's get to it. An onslaught of news coming out of corporate America and the White House, more on that later, led to topsy-turvy moves this week. Gold, a haven for nervous investors, jumped to a new record earlier this week and settled above five thousand three hundred dollars for the first time. But trading turned volatile by Thursday, with prices seeing the largest range between the midday high and low since 2013. On Friday, gold slumped more than eleven percent, and silver prices crashed thirty-one percent. Both metals saw their largest one-day percentage declines since