GLD is trading 3.0% down on August 28, 2026 as Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks emphasized persistent inflation and suggested interest rates may remain higher for longer.
- Higher Treasury yields and a firmer U.S. dollar reduce gold’s appeal because it generates no income.
- Reuters and Investing.com identified the Fed speech and tighter-policy expectations as the primary drivers.
- Profit-taking followed gold’s more-than-three-month high; inflation concerns reinforced expectations for additional rate hikes.