Gold slides as Warsh's hawkish tilt lifts US Dollar and US yields

TradeNews USA US markets desk (2026-08-28): Gold price drops over 0.42% on Friday as Fed Chair Kevin Warsh confirms the Fed is focused on tackling inflation, pushing the US Dollar and US Treasury yields… Primary source: original at FXStreet (fxstreet.com).

August 28, 2026 9:51 AM ET · FXStreet

Gold price drops over 0.42% on Friday as Fed Chair Kevin Warsh confirms the Fed is focused on tackling inflation, pushing the US Dollar and US Treasury yields higher, while money markets have begun to price in a potential rate hike in 2026.

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