🔴 Commodities Focused ETF (SGOL) is trading 3.1% down today as Warsh’s inflation warning pressured gold

SGOL is trading at $42.49 (-3.13%), as gold weakened ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.

• Spot gold was reported down 0.5%–0.8% on August 28, 2026, as investors reduced exposure.
• Warsh’s warning that underlying inflation remains insufficiently improved reinforced expectations for tighter-for-longer monetary policy, pressuring non-yielding gold.
• Broader equities were only modestly lower, indicating SGOL’s decline is primarily gold- and Fed-driven.