AAAU is trading 3% down as gold prices retreat after Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole speech.
- Warsh emphasized persistent inflation and limited forward guidance, lifting expectations for higher U.S. rates and pressuring non-yielding gold.
- Spot gold fell about 0.8% to $4,560.37 by 10:11 a.m. ET; broader equities were relatively stable, indicating a commodity-specific decline.
- The move is consistent with rate-sensitive profit-taking after gold’s recent rally and stronger dollar and Treasury-yield pressure.