🔴 Gold Mining ETF (ETLX.DE) is trading 4.3% down after Warsh’s remarks raised September rate-hike expectations

ETLX.DE is trading at €107.16 (-4.30%) after Kevin Warsh’s hawkish Jackson Hole remarks increased September rate-hike expectations.

• Stronger rate expectations and dollar support pressured non-yielding gold and miners.
• Spot gold fell to a near two-week low on August 31, 2026, despite Middle East risk and higher oil prices supporting prices amid escalating U.S.-Iran tensions.
• The move appears primarily linked to a delayed reaction to Warsh’s inflation warnings, driving gold sharply lower and weakening the mining sector; its decline outweighed safe-haven support.