Gold and silver markets experienced significant volatility in the last week of January, with gold prices briefly reaching $5600 per ounce and silver surpassing $121 per ounce before both saw sharp declines. The downturn was triggered by Trump's nomination of Kevin Warsh as the next Federal Reserve Chairman, which eased concerns about the Fed's independence. Looking ahead, investors will focus on key economic indicators and events in the coming week. These include the US January ISM Manufacturing PMI on Monday, speeches by Atlanta Fed President Bostic and Federal Reserve Governor Bowman on Tuesday, and the release of US December JOLTs job openings. Thursday will see the release of US Challenger job cuts and initial jobless claims, while Friday will feature the US January unemployment rate, non-farm payrolls data, and consumer sentiment indices.