Gold plunges as Warsh’s Jackson Hole inflation concerns spark rate hike bets
TITLE: Gold prices tumble as Fed Chairman Warsh signals persistent inflation fight
Gold futures experienced a significant downturn on Friday, marking the largest single-day decline for the precious metal in over a month. This sharp sell-off followed a hawkish policy speech delivered by Federal Reserve Chairman Warsh, which triggered a simultaneous rally in both the United States dollar and Treasury yields. Investors reacted to the central bank leader's firm stance on monetary policy, which signaled that the era of elevated interest rates may persist longer than some market participants had previously anticipated.
Warsh Addresses Jackson Hole Inflation Concerns
Speaking at the high-profile economic symposium in Jackson Hole, Wyoming, Chairman Warsh utilized his first major public address since taking the helm of the central bank in May to clarify the Federal Reserve's
Source: seekingalpha.com · 2026-08-28