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Daily brief · Wednesday, May 14, 2025

Gold slides to a more than one-month low as trade optimism dents safe-haven demand

Gold closed at $3,191.95 an ounce, down -1.12% on the day, as several reports tied the drop to easing U.S.-China trade tensions and a broader “risk-on” mood. Silver was steadier at $32.89 (-0.29%), while platinum dipped slightly and palladium rose.

AI summaryWritten automatically with AI from 13 linked reports and our own price data, Oct 21, 1:48 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for May 14, 2025

Gold $3,191.95 −1.12% 30d −0.4% Silver $32.89 −0.29% 30d +1.9% Platinum $989.00 −0.10% 30d +4.1% Palladium $959.00 +0.95% 30d +1.1%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold fell to a more than one-month low as optimism around trade improved and investors leaned away from safe-haven assets.

    SourcesReuters: Gold prices fall to over one-month low as trade optimism rises2: Gold falls as US-China trade truce dims safe-haven appeal

  2. Kitco said the selloff also reflected profit taking and “weak long liquidation,” meaning traders were exiting bullish positions.

    SourcesKitco News: Gold solidly down on profit taking, weak long liquidation

  3. Action Forex framed the move as part of a wider risk-on shift in markets, with gold under pressure as equities strengthened and sentiment improved.

    SourcesAction Forex: XAU/USD: Gold Price Falls Further as US-China Trade Deal Fuels Risk Appetite2: DAX Opens Positive, US Tech Stocks Rise, and Oil Prices Jump on ...

  4. Kitco reported experts warning that tariff uncertainty—regardless of the eventual rate—can disrupt U.S. gold and silver imports and distort pricing and flows across the physical market.

    SourcesKitco News: Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts

  5. Kitco, citing the World Gold Council, said China’s gold market surged in April, but it also flagged that investment demand could cool if trade tensions keep easing.

    SourcesKitco News: China’s gold market surges in April, but investment demand may cool along with trade tensions – World Gold Council

  6. Kitco reported the LBMA pushed back on market rumors, saying Basel III has not declared gold a high-quality liquid asset (HQLA).

    SourcesKitco News: Not so fast, says LBMA: Despite the rumors, Basel III has not declared gold a high-quality liquid asset

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

Metal by metal

Gold $3,191.95 −1.12%

Reuters attributed the drop to reduced safe-haven demand as the U.S.-China trade backdrop looked calmer, while Kitco pointed to profit taking and position liquidation adding pressure. Separately, UBS and JPMorgan published bullish longer-term scenarios tied to rate cuts and possible diversification away from the dollar.

Gold headlines

Silver $32.89 −0.29%

Kitco said tariff uncertainty is disrupting U.S. gold and silver imports and distorting the market, a practical issue for physical flows even when prices are not moving sharply. China’s April strength was noted in a World Gold Council update carried by Kitco, alongside the caveat that investment demand may cool if trade tensions ease.

Silver headlines

Platinum $989.00 −0.10%

No report focused on platinum.

Platinum headlines

Palladium $959.00 +0.95%

No report focused on palladium.

Palladium headlines

The day’s reports

37 reports, most important first, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS : Gold to gain 14% to US$3,600 by mid-2026 as rate cuts fuel rally UBS expects gold to rise 14% to US$3,600 by mid-2026 as rate cuts support the rally.
  2. 4:34 PM Kitco News · 4:34 PM Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts Experts say tariff uncertainty is disrupting U.S. gold and silver imports and distorting the metals market.
  3. 10:08 AM Kitco News · 10:08 AM China’s gold market surges in April, but investment demand may cool along with trade tensions – World Gold Council The World Gold Council says China's gold market surged in April, though investment demand may cool as trade tensions ease.
  4. 8:25 AM Reuters · 8:25 AM▼ Reports a fall Gold falls as US-China trade truce dims safe-haven appeal Gold falls as a U.S.-China trade truce reduces safe-haven demand.
  5. 9:50 PM Earlier news service · 9:50 PM▼ Reports a fall Gold Hovers Near 5-Week Low Gold is hovering near a five-week low.
  6. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Rebounds From Multi-Week Lows Gold rebounds from multi-week lows.
  7. 8:00 PM Earlier news service · 8:00 PM JOHNSON MATTHEY : PGM Market Report Johnson Matthey publishes its PGM Market Report.
  8. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHARTS : Gold rebounds from $3120, reaches $3211; Bulls target $3234 & $3260 Gold rebounds from $3,120 and reaches $3,211 as bulls target $3,234 and $3,260.
  9. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall MOODY's reduces price outlook for metals and mining commodities Moody’s lowers its price outlook for metals and mining commodities.
  10. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold Drops to $3,139 as Traders Ditch Safe Havens Before U.S. PPI Data Gold drops to $3,139 as traders leave safe havens ahead of U.S. PPI data.
  11. 8:00 PM Earlier news service · 8:00 PM UBS: Gold rally set to continue into 2025 amid global uncertainties UBS says gold’s rally is set to continue into 2025 amid global uncertainties.
  12. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Edges Higher as Economic Data Supports Fed Rate Cut Bets Gold edges higher as economic data supports bets on Federal Reserve rate cuts.
  13. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold Trims 10% Drop from $3500 Record, Debt 'Matters More' Than Inflation Gold trims part of its drop from a $3,500 record as debt concerns are said to matter more than inflation.
  14. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold slips to lowest in more than a month as trade tensions ease Gold falls to its lowest level in more than a month as trade tensions ease.
  15. 4:56 PM Earlier news service · 4:56 PM▲ Reports a rise Gold recovers as US-China tariff truce spurs bargain-buying Gold recovers as a US-China tariff truce encourages bargain buying.
  16. 4:56 PM Earlier news service · 4:56 PM▼ Reports a fall Gold falls as easing US-China trade tensions weaken safe-haven demand Gold falls as easing US-China trade tensions weaken safe-haven demand.
  17. 4:56 PM Earlier news service · 4:56 PM▲ Reports a rise AP PHOTOS: Economic jitters and soaring gold prices create a frenzy for US jewelry merchants AP photos show economic jitters and soaring gold prices driving a rush at U.S. jewelry merchants.
  18. 2:06 PM Earlier news service · 2:06 PM▼ Reports a fall Comex Gold Settles 1.82% Lower at $3181.40 — Data Talk Comex gold settles 1.82% lower at $3,181.40.
  19. 1:35 PM Reuters · 1:35 PM▼ Reports a fall Gold prices fall to over one-month low as trade optimism rises Gold prices fall to a more than one-month low as trade optimism rises.
  20. 12:38 PM Kitco News · 12:38 PM▼ Reports a fall Gold solidly down on profit taking, weak long liquidation Gold falls on profit taking and weak long liquidation.
  21. 11:40 AM Kitco News · 11:40 AM Not so fast, says LBMA: Despite the rumors, Basel III has not declared gold a high-quality liquid asset LBMA says rumors are wrong and Basel III has not declared gold a high-quality liquid asset.
  22. 10:51 AM Action Forex · 10:51 AM▼ Reports a fall XAU/USD: Gold Price Falls Further as US-China Trade Deal Fuels Risk Appetite Gold falls further as optimism over a US-China trade deal lifts risk appetite.
  23. 8:37 AM Earlier news service · 8:37 AM▼ Reports a fall Gold Hits 4-week Low Gold hits a four-week low.
  24. 8:02 AM Kitco News · 8:02 AM▼ Reports a fall Gold price down a bit amid better risk appetite Gold edges lower as improved risk appetite weighs on the metal.
  25. 10:48 PM Action Forex · 10:48 PM▼ Reports a fall WTI Crude Oil Faces Downside Risk — Is a New Leg Lower Coming ... Gold prices fell below key support levels as a wider market report discussed downside risk in crude oil and forex.
  26. 8:00 PM Earlier news service · 8:00 PM EINHORN : There is no effort to reduce the deficit, buy gold Einhorn says investors should buy gold because there is no effort to reduce the deficit.
  27. 8:00 PM Earlier news service · 8:00 PM ATLAS PULSE : Gold Is Hot, but It’s Not Red Hot Atlas Pulse says gold is strong, but not extremely hot.
  28. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise The gold bulls are fighting back today, but it's uphill Gold bulls are fighting back, but the rally still faces an uphill battle.
  29. 8:00 PM Earlier news service · 8:00 PM SAXO BANK : Gold on hold as speculative comeback has come nearly full circle. Saxo Bank says gold is on hold as the speculative comeback has nearly run its course.
  30. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall INDIA : Gems and jewellery exports dip 4.62% in April 2025, imports fall by 17.6.. India’s gems and jewellery exports fell 4.62% in April 2025, while imports dropped 17.6%.
  31. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall OCBC : Gold: Continues to trade with heavy bearish bias OCBC says gold continues to trade with a heavy bearish bias.
  32. 8:00 PM Earlier news service · 8:00 PM SCHRODERS : Gold still shines brightly Schroders says gold still looks strong.
  33. 8:00 PM Earlier news service · 8:00 PM DELEGATE LIST : 2025 ASIA PACIFIC PRECIOUS METALS CONFERENCE The delegate list is announced for the 2025 Asia Pacific Precious Metals Conference.
  34. 8:00 PM Earlier news service · 8:00 PM INCREMENTUM : The In Gold We Trust Report 2025 Is Here – “The Big Long” Incrementum says its 2025 In Gold We Trust report, titled “The Big Long,” is now available.
  35. 3:16 PM Kitco News · 3:16 PM Gold continues to look good as the U.S. dollar is expected to struggle - State Street’s George Milling-Stanley State Street's George Milling-Stanley says gold still looks good as the U.S. dollar is expected to struggle.
  36. 7:55 AM Kitco News · 7:55 AM Gold market analysis for May 14 - key intra-day price entry levels for active traders Kitco previews key intraday gold price entry levels for active traders.
  37. 4:09 AM Action Forex · 4:09 AM▼ Reports a fall DAX Opens Positive, US Tech Stocks Rise, and Oil Prices Jump on ... Action Forex says gold is under pressure as markets turn more positive.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

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