🔴 KGLD is trading 3.37% down today as gold falls on Warsh’s hawkish inflation stance

KGLD is trading 3.37% down now at $28.52, as gold weakened ahead of and following Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.

• Spot gold fell 0.5% to $4,580.19, while U.S. gold futures eased 0.7% as investors anticipated higher-for-longer rates.
• Warsh’s hawkish inflation stance pressured the non-yielding metal and gold-linked ETFs.
• Broader equities were only modestly lower, suggesting the decline was primarily commodity- and rate-driven rather than company-specific.