🔴 Gold ETF (GLD) is trading 3.16% down in pre-market on August 31, 2026 after Warsh signals persistent inflation

GLD is trading at $409.23 (-3.16%) as hawkish Fed repricing follows Chair Kevin Warsh’s signals of persistent inflation and fewer assurances on rate policy.

• Gold is extending the 3.24% August 28 selloff.
• Markets increased expectations for one or two additional 2026 rate hikes, strengthening the dollar and lifting yields—both negative for non-yielding gold.
• Elevated oil prices and softer equity futures add risk, but hawkish Fed repricing remains the primary catalyst.