Nairobi, Feb. 2 -- Gold prices at the Nairobi Securities Exchange (NSE) fell further on Monday as the reversal of a record-breaking rally continued into the new week amid the fall in the value of the precious metal globally.

The gold exchange-traded funds (ETFs) fell to Sh5, 845 on Monday from Sh6,235 on Fridayand a record high of Sh6,600 on Thursday.

This follows a drop in gold and silver prices in the global markets in declines that began around the time reports suggested that US President Donald Trump would nominate former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as chair of the central bank.

Mr Warsh historically has been more concerned with higher inflation than slower growth, soothing Wall Street fears that t...