Lana

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first, a word from Guy at Finimize HQ.

The U.S.

President finally announced his pick for the next Federal Reserve Chair, pointing the finger at American finance exec Kevin Warsh.

This hire mattered more than most.

The Federal Reserve, Fed, is the world's most important central bank, after all, responsible for setting the monetary policy that ripples through global markets.

But Warsh is no stranger to that pressure.

He served as a Fed governor, one of the seven board members responsible for making those decisions, from 2006 to 2011, giving him serious Wall Street cred.

With Senate approval, Warshall take up his new role in May and likely serve at least a four-year term.

The Fed has two mandates, to keep the job market healthy and to maintain inflation at 2%.

Now, the president has made it clear that he doesn't care much about the latter, openly criticizing the current chair for not cutting rates aggressively enough, despite inflation running above that target.

Analysts expected the next chair to conveniently share the president's view.

And while Warsh did publicly argue for lower rates last year, he has been known to be more reserved than some other contenders, which suggests that he won't be an automatic rubber stamp on aggressive rate cuts.

That explains why investors sent the U.S.

dollar up a little initially.

Higher interest rates tend to strengthen a country's currency.

Central banks and investors stocked up on gold over the last year, looking to diversify away from US stocks and bonds to stabilize their portfolios.

But they're only getting one side of the deal right now.

The precious metal market has been uncharacteristically volatile lately, with prices moving further and faster than any time in history.

Case in point, traders sent gold down by 10% on Friday, although the shiny stuff is still up 12% since the start of the year.