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28 Aug 2026 · 18:17 GMT+3

Gold tumbles as Warsh sparks rally on the US Dollar

Gold (XAU/USD) prices extend losses to over 2.50% on Friday as market participants digest hawkish comments from Federal Reserve (Fed) Chair Kevin Warsh at Jackson Hole. Rising US Treasury yields and overall US Dollar strength are the two drivers of the sudden weakness in precious metals.

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