- Gold prices in Japan have dropped significantly, falling 13.8% from a record high last week.
- Investors are now buying US dollars due to the nomination of Kevin Warsh as the potential next Federal Reserve chair.
- Gold's recent popularity as a safe-haven asset diminished following shifts in US economic policy expectations.

A: Hey! Did you hear about the gold price? It dropped a lot!

B: No way! Really? What happened?

A: Yeah! Last week it was super high, like a record!

B: Wow! What changed?

A: Investors started buying dollars instead of gold.

B: Oh, so gold isn't as popular now? Why?

A: It’s because of who might become the head of the Federal Reserve. Someone who probably won’t lower interest rates.

B: So, people think the dollar will be stronger?

A: Exactly! Remember how people bought gold because of trouble between America and Europe, and with Iran?

B: Right, everyone wanted something safe.

A: Now they’re thinking the dollar is the safe thing. The price fell a lot – almost 14%!

B: That’s a big change! Crazy how things can shift so fast, huh?