🔴 PHYS is trading 3.16% down today after Warsh’s inflation remarks pressured gold

PHYS is trading 3.16% down now at $33.90 after a sharp pullback in gold prices following Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole remarks.

• Warsh emphasized persistent inflation and signaled rates may stay higher, lifting rate expectations and pressuring non-yielding bullion.
• Spot gold fell as much as 1% after the speech.
• Broader U.S. indexes remained largely flat, suggesting a primarily precious-metals and macro-driven decline.