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Daily brief · Thursday, May 15, 2025

Gold flat near $3,191 after whipsaw; silver slides; palladium firms on balance talk

Gold finished little changed at $3,191.05 an ounce after a volatile session tied to shifting views on U.S. data, the dollar, and safe-haven demand. Silver underperformed, while platinum and palladium ended higher.

AI summaryWritten automatically with AI from 22 linked reports and our own price data, Oct 21, 1:49 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 15, 2025

Gold $3,191.05 −0.03% 30d −0.9% Silver $32.09 −2.43% 30d −0.7% Platinum $991.00 +0.20% 30d +3.2% Palladium $972.00 +1.36% 30d +0.8%

Tone of the reports: Mixed

What happened

  1. Gold trading was choppy: some outlets described a sharp pullback tied to easing geopolitical/trade tensions, while others highlighted a later bounce on weak U.S. data and a softer dollar.

    SourcesAction Forex: Gold Price Drops to Lowest Level in Over a Month2: Gold (XAU/USD) Surges Beyond $3200/oz on Weak US Data, DXY SlipsEarlier news service: XAU/USD: Gold Prices Dive Under $3,150 in Sharp Drop from Record as Trade Tensions Easerttnews.com: Gold Continues To Whipsaw

  2. Kitco said gold steadied above its overnight lows after U.S. producer prices fell 0.5% in April, and also noted gold firming after retail sales rose 0.1% and after jobless claims held at 229,000.

    SourcesKitco News: Gold prices remain up from overnight lows as US PPI drops 0.5% in April2: Spot gold nears session high after U.S. retail sales rise 0.1% in April3: Spot gold trades at $3,186/oz after U.S. weekly jobless claims hold at 229k

  3. Kitco attributed the rebound in gold at least in part to bargain hunting and short covering (buying back positions after a decline).

    SourcesKitco News: Gold rallies on bargain hunting, short covering

  4. Some analysts cited by The Economic Times expected “further correction” after gold hit a one-month low.

    SourcesThe Economic Times: Gold forecast: Analysts see further correction as prices hit 1-month low

  5. A separate report said gold was on track for a weekly drop of about 3%.

    SourcesEarlier news service: Gold on Track for 3% Weekly Drop

  6. Reuters reported Johnson Matthey expects the palladium market to move back into balance after years of deficit.

    SourcesReuters: Palladium market seen moving to balance after years of deficit, says Johnson Matthey

  7. One report said Costco tightened purchase limits on its gold bars as popularity surged, pointing to persistent retail interest in physical gold products.

    SourcesEarlier news service: COSTCO : Purchase limits have tightened on Costco gold bars as popularity boomed

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

What to watch

  • Thu, May 15U.S. PPI releaseKitco linked gold’s rebound/firming to April producer prices falling 0.5%.
  • Thu, May 15U.S. retail sales releaseKitco noted gold firmed toward the session high after retail sales rose 0.1% in April.
  • Thu, May 15U.S. jobless claimsKitco reported gold trading near $3,186 after claims held at 229,000, a datapoint markets used to gauge growth and rates.

Metal by metal

Gold $3,191.05 −0.03%

Reports described a sharp drop followed by a rebound, with moves tied to shifting safe-haven demand, easing tensions, and reactions to U.S. data (PPI, retail sales, jobless claims). Kitco also pointed to bargain hunting and short covering helping the bounce.

Gold headlines

Silver $32.09 −2.43%

No report focused on silver.

Silver headlines

Platinum $991.00 +0.20%

No report focused on platinum.

Platinum headlines

Palladium $972.00 +1.36%

Reuters reported Johnson Matthey sees palladium moving back into balance after years of deficit, a notable shift in the supply-demand narrative.

Palladium headlines

The day’s reports

38 reports, most important first, New York time.

  1. 8:51 PM Action Forex · 8:51 PM▲ Reports a rise Gold (XAU/USD) Surges Beyond $3200/oz on Weak US Data, DXY Slips Gold surged above $3,200 an ounce after weak U.S. data and a softer dollar.
  2. 8:00 PM Earlier news service · 8:00 PM COSTCO : Purchase limits have tightened on Costco gold bars as popularity boomed Costco has tightened purchase limits on its gold bars after popularity boomed.
  3. 11:43 AM Reuters · 11:43 AM Palladium market seen moving to balance after years of deficit, says Johnson Matthey Johnson Matthey says the palladium market is expected to move back into balance after years of deficit.
  4. 8:35 AM Seeking Alpha · 8:35 AM▲ Reports a rise China Gold Market Update: Unseen Investment Passion Seeking Alpha says gold prices kept rising in April, helped by a weaker dollar, uncertainty and strong ETF inflows.
  5. 5:16 AM Action Forex · 5:16 AM▼ Reports a fall Gold Price Drops to Lowest Level in Over a Month Gold falls to its lowest level in more than a month amid easing geopolitical tensions.
  6. 2:03 AM Earlier news service · 2:03 AM▼ Reports a fall XAU/USD: Gold Prices Dive Under $3,150 in Sharp Drop from Record as Trade Tensions Ease Gold prices dive under $3,150 as easing trade tensions trigger a sharp pullback from record highs.
  7. 9:51 PM Earlier news service · 9:51 PM▼ Reports a fall Gold on Track for 3% Weekly Drop Gold is on track for a 3% weekly decline.
  8. 8:00 PM Earlier news service · 8:00 PM RAY DALIO, BlackRock, Goldman Sachs, Others Stake Claims In GLD The article says Ray Dalio, BlackRock, Goldman Sachs and others hold claims in GLD.
  9. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold Declines as Traders Book Profits on US-China Trade Optimism Gold fell as traders booked profits on renewed U.S.-China trade optimism.
  10. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall CFTC Gold speculative net positions - Actual 161.2K Previous 162.5K CFTC data show gold speculative net positions at 161.2K versus 162.5K previously.
  11. 2:06 PM Earlier news service · 2:06 PM▲ Reports a rise Comex Gold Settles 1.24% Higher at $3220.70 — Data Talk Comex gold settled 1.24% higher at $3,220.70.
  12. 12:48 PM Kitco News · 12:48 PM▲ Reports a rise Gold rallies on bargain hunting, short covering Gold rallied on bargain hunting and short covering.
  13. 10:06 AM rttnews.com · 10:06 AM▲ Reports a rise Gold Continues To Whipsaw Gold prices rose on Thursday, recovering after heavy losses on Wednesday as safe-haven demand ebbed.
  14. 9:31 AM Earlier news service · 9:31 AM▼ Reports a fall Gold Cuts Losses Gold cuts its losses.
  15. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Gold prices remain up from overnight lows as US PPI drops 0.5% in April Gold prices stay above overnight lows after U.S. producer prices fall 0.5% in April.
  16. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold nears session high after U.S. retail sales rise 0.1% in April Spot gold nears its session high after U.S. retail sales rise 0.1% in April.
  17. 8:30 AM Kitco News · 8:30 AM Spot gold trades at $3,186/oz after U.S. weekly jobless claims hold at 229k Spot gold trades at $3,186 an ounce after weekly U.S. jobless claims hold at 229,000.
  18. 8:20 AM Earlier news service · 8:20 AM▼ Reports a fall Gold slips as positive US-China trade talk dents safe-haven appeal Gold slips as positive U.S.-China trade talks weaken safe-haven demand.
  19. 8:19 AM Kitco News · 8:19 AM▼ Reports a fall Mild price pressure on gold, silver despite risk appetite waning Kitco says gold and silver are under mild price pressure despite fading risk appetite.
  20. 7:16 AM GuruFocus · 7:16 AM Snowline Gold Expands Measured and Indicated Gold Ounces By 96% In Updated Mineral Resource Estimate at Its Valley Gold Deposit, Yukon | SNWGF Stock News Snowline Gold says its updated resource estimate increases measured and indicated gold ounces at Valley deposit by 96%.
  21. 6:15 AM LiveMint · 6:15 AM▼ Reports a fall As gold prices fall, is this the right time to invest in gold ETFs? The article asks whether now is a good time to invest in gold ETFs after prices fell from last month's highs.
  22. 5:36 AM The Economic Times · 5:36 AM▼ Reports a fall Gold forecast: Analysts see further correction as prices hit 1-month low Analysts expect further correction as gold futures fall to a one-month low.
  23. 4:42 AM Earlier news service · 4:42 AM▼ Reports a fall Gold prices likely to correct further as risk-on sentiment takes hold: Experts Experts say gold prices may correct further as risk-on sentiment returns.
  24. 8:00 PM Earlier news service · 8:00 PM BASEL 3 : Gold’s Big Reclassification? Not Happening. A piece questions whether Basel 3 is really reclassifying gold.
  25. 8:00 PM Earlier news service · 8:00 PM FIDELITY : Gold Passing Baton to Bitcoin Fidelity argues gold is passing the baton to bitcoin.
  26. 8:00 PM Earlier news service · 8:00 PM COMMERZBANK : Gold on the rollercoaster Commerzbank comments on gold's recent rollercoaster trading.
  27. 8:00 PM Earlier news service · 8:00 PM ING : Gold Monthly: Losing momentum ING says gold has lost momentum in its monthly outlook.
  28. 8:00 PM Earlier news service · 8:00 PM Here's What COPPER Is Saying About SILVER The piece compares copper's signals with silver's price behavior.
  29. 4:35 PM Kitco News · 4:35 PM Gold isn’t out of the woods just yet, but its bullish potential remains Kitco says gold is not out of the woods yet, but its bullish potential remains.
  30. 2:04 PM Kitco News · 2:04 PM Stay the course because gold still has plenty of potential - Incrementum’s In Gold We Trust Kitco says gold still has plenty of potential, according to Incrementum's In Gold We Trust.
  31. 9:19 AM GuruFocus · 9:19 AM MTB Metals to Focus on its Telegraph Copper-Gold Porphyry and Sell Certain Non-Core Assets | MBYMF Stock News MTB Metals says it will focus on its Telegraph copper-gold porphyry project and sell non-core assets.
  32. 8:57 AM Kitco News · 8:57 AM Can gold catch a safe-haven bid as US manufacturing sector continues to struggle Kitco asks whether gold can attract safe-haven buying as U.S. manufacturing remains weak.
  33. 8:45 AM GuruFocus · 8:45 AM Xplore Appoints New President and Chief Executive Officer | XPRCF Stock News Xplore Resources names Devin Pickell as its new president and CEO.
  34. 8:16 AM GuruFocus · 8:16 AM West Point Gold Announces Additional Drill Results from Gold Chain Project, Arizona | WPGCF Stock News West Point Gold reports additional drill results from its Gold Chain project in Arizona.
  35. 8:10 AM Kitco News · 8:10 AM Gold market analysis for May 15 - key intra-day price entry levels for active traders Kitco provides intra-day gold market analysis and key entry levels for active traders.
  36. 7:45 AM GuruFocus · 7:45 AM Cabral Gold Appoints Luiz Celaro as Construction Manager for Cuiú Cuiú Gold Project | CBGZF Stock News Cabral Gold appoints a construction manager for its Cuiú Cuiú gold project.
  37. 7:06 AM Action Forex · 7:06 AM DAX Consolidates After All-Time Highs - Action Forex Gold weakens again, trading around $3,125 after an Asian-session low before a small recovery.
  38. 5:08 AM ForexLive · 5:08 AM▲ Reports a rise Gold Futures Anlysis Now ForexLive posts a brief analysis of gold futures.

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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