Gold is trading 3.01% down now at $4523.80 after Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole speech signaled persistent inflation and a continued need for restrictive policy.
- Higher Treasury yields, a firmer U.S. dollar, and reduced expectations for near-term easing made non-yielding gold less attractive.
- The decline also reflects profit-taking after gold’s recent three-month high.
- The move is primarily macro and sector-wide, not company-specific; trading is live, and no volume figure was provided.