🔴 Global Gold ETF (XGD.TO) is trading 3.5% down today as gold prices retreat

XGD.TO is trading 3.5% down today as gold prices retreat from this week’s more-than-three-month high.

• Investors are reassessing interest-rate risks ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks.
• Spot gold was reported down 0.5%, while U.S. gold futures declined 0.8% early August 28, 2026.
• The decline appears primarily sector-wide: higher-for-longer policy uncertainty and profit-taking weigh on gold-mining equities despite gold near elevated levels; Warsh’s hawkish inflation stance likely intensified pressure on the gold-miner complex.