🔴 Commodities ETF (GLDM) is trading 3.13% down as hawkish Jackson Hole remarks pressured gold

GLDM is trading at $88.32, down -3.13% as gold prices sell off after Federal Reserve Chair Kevin Warsh’s August 28, 2026, Jackson Hole remarks.

• Warsh emphasized persistent inflation and suggested rates may remain higher for longer, raising Treasury yields and gold’s opportunity cost.
• Profit-taking intensified after gold recently reached a more-than-three-month high; the move is primarily commodity- and macro-driven, with major U.S. indexes only modestly lower and gold declining more sharply. [Event ID: 6a9195d29fa5ca270b7ee7a2]