Gold prices plunge following hawkish Fed signals from Kevin Warsh

gold prices Federal Reserve Kevin Warsh Jackson Hole inflation

Global gold prices experienced a sharp decline on August 29, 2026, dropping over 3% to approximately 4,454 USD per ounce. This downturn followed a hawkish speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium. Warsh emphasized that the Fed remains committed to its 2% inflation target, stating that the central bank still has “work to do” if inflation does not return to that level clearly and quickly.

His remarks led markets to reassess interest rate trajectories, with the probability of a Fed rate hike in September rising significantly from roughly 35% to nearly 60%. The strengthening US dollar and rising Treasury yields further pressured precious metals.

In Vietnam, domestic gold markets mirrored this volatility. SJC gold bar prices saw significant adjustments, with many major brands listing prices around 145.7 million VND for buying and 148.7 million VND for selling, representing a decrease of approximately 1.5 million VND per tael. Gold ring prices also faced downward pressure, with fluctuations varying by brand. While global prices fell, some domestic brands maintained higher premiums compared to international rates due to local supply and demand dynamics.

Entities

Doji · Federal Reserve · Kevin Warsh · Kitco · PNJ · SJC · State Bank of Vietnam

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] The State Bank of Vietnam announced a central exchange rate for the USD at 25,610 VND.
[○ 1 SOURCE] Brent crude oil closed at 89.31 USD per barrel on August 29, 2026. thanhnien.vn
[DISPUTED] Global gold prices fell to 4,455 USD per ounce on August 29, 2026. cafebiz.vn · baogialai.com.vn · baolaocai.vn · baotintuc.vn · doanhnghiephoinhap.vn · +8 more
[○ 1 SOURCE] WTI crude oil closed at 83.4 USD per barrel on August 29, 2026. thanhnien.vn
[● 6 SOURCES] Fed Chair Kevin Warsh emphasized inflation control during a speech at Jackson Hole. cafebiz.vn · mekongasean.vn · baotintuc.vn · thoibaonganhang.vn · www.vietnamplus.vn
[● 2 SOURCES] Market expectations for a Fed interest rate hike in September rose from 35.9% to 57.5%. cafebiz.vn
[● 8 SOURCES] SJC gold bar prices in Vietnam dropped to 145.7 million VND for buying and 148.7 million VND for selling on August 29. baogialai.com.vn · baolaocai.vn · baotintuc.vn · nhandan.vn · thuonggiaonline.vn · +3 more