On August 29, SPDR Gold ETF fell 3.09% in regular trading, trading at $409.575/share, with turnover of $6.234 billion.

On the news front, Fed Chair Warsh delivered hawkish remarks at the Jackson Hole symposium, stating that if the Fed cannot be confident inflation is steadily returning to the 2% target, it \"still has work left to do\" and does not rule out further monetary tightening. The market interpreted this as the closest public acknowledgment yet that additional rate hikes may be necessary.

The hawkish tone drove the U.S. dollar and Treasury yields sharply higher, sending spot gold plunging nearly $90 and briefly losing the $4,600/oz level. SPDR Gold Trust, which tracks the price of gold bullion less trust expenses, declined in tandem with the underlying metal. Broader context suggests that while central banks remain structural net buyers of gold and some institutions maintain bullish long-term targets, the near-term repricing of rate expectations delivered a significant blow to precious metals.

SPDR Gold Trust is an investment trust whose objective is for shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust creates and redeems shares in baskets of 100,000 through authorized participants based on net asset value.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)