IAU is trading 3.1% down as gold weakens ahead of and following Fed Chair Kevin Warsh’s August 28, 2026, Jackson Hole remarks on persistent inflation and tighter policy.
- Higher-rate expectations reduced demand for non-yielding gold.
- Spot gold fell roughly 0.8% in U.S. trading, while broader equities were only modestly lower, signaling a gold-specific macro selloff.
- Record second-quarter central-bank purchases of 289 tonnes provide longer-term support but have not offset today’s rate-driven liquidation.