Gold plunges as Warsh’s Jackson Hole inflation concerns spark rate hike bets
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Search fieldHome page Seeking Alpha - Power to InvestorsAbout PremiumCreate free accountSearch for Symbols, analysts, keywordsLog in Gold plunges as Warsh’s Jackson Hole inflation concerns spark rate hike bets Aug 28, 2026, 5:15 PM ETSPDR Gold Shares ETF (GLD), GDX, IAU, NUGT, SLVSIL, SGOL, SIVR, GDXJ, PHYS, PSLV, DUST, SGDM, RING, OUNZ, SILJ, SGDJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy : Carl Surran, SA News Editor Gold futures fell Friday by the most in more than a month after Fed Chairman Warsh's hawkish address pushed the U.S. dollar and Treasury yields higher. In his first speech since becoming chairman of the central bank in May, Warsh reiterated that To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? Please report it on our feedback forum. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Search fieldEntering text into the input field will update the search result below Quick Insights Warsh's speech led to a sharp drop in gold futures, with front-month Comex gold falling 2.9% in a day, its lowest since August 18. Markets now see a 58% chance of a September rate hike and an 89% chance of a December hike, up significantly from before the speech. Analysts debate whether the decline signals a deeper reversal or just a temporary pullback, noting that gold is sensitive to monetary policy expectations.
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