Kinross Gold is trading 4.06% down now at $31.19 as weakness spread across gold-mining shares while bullion retreated.
- Reuters reported spot gold fell 0.5% to $4,576.30 on August 28 as investors awaited Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks.
- Warsh subsequently signaled persistent inflation and a hawkish policy stance, pressuring non-yielding gold.
- The broader market was only modestly lower, while recent institutional-investment news was supportive rather than bearish.