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Daily brief · Thursday, May 22, 2025

Gold and silver slip; platinum stays strong as dollar and China-demand stories compete

Gold closed at $3,284.00/oz (-0.47%) and silver at $32.73/oz (-1.31%) as several reports pointed to a firmer U.S. dollar as a near-term headwind even while demand stories—especially from China—stayed supportive. Platinum led on the day at $1,084.00/oz (+1.88%), while palladium finished slightly higher at $1,023.00/oz (+0.29%).

AI summaryWritten automatically with AI from 20 linked reports and our own price data, Oct 21, 1:50 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 22, 2025

Gold $3,284.00 −0.47% 30d −4.4% Silver $32.73 −1.31% 30d +0.4% Platinum $1,084.00 +1.88% 30d +12.6% Palladium $1,023.00 +0.29% 30d +9.2%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold eased from a two-week high as the U.S. dollar edged higher, a setup that can pressure dollar-priced metals for U.S. buyers and sellers.

    SourcesReuters: Gold prices ease from two-week high as dollar edges higher

  2. Kitco said spot gold bounced near $3,300/oz after U.S. existing-home sales fell 0.5% in April, keeping attention on growth-sensitive data.

    SourcesKitco News: Spot gold bounces near $3,300/oz after U.S. existing-home sales fall 0.5% in April

  3. Multiple reports said China is back making large gold buys and that Chinese demand has returned strongly, even with prices above $3,300/oz.

    SourcesEarlier news service: CHINA back making big gold buys as price tops US$3300/ozKitco News: China gold demand returns with a vengeance as bullion purchases ...

  4. An Asia-focused market note said high prices are cooling Indian gold demand while China premiums are holding firm, pointing to uneven physical demand across regions.

    SourcesEarlier news service: ASIA : High prices cool Indian gold demand, China premiums hold firm

  5. Reuters reported Fed Governor Waller sees a path to rate cuts later this year, which market participants often read as supportive for non-yielding assets like gold if cuts materialize.

    SourcesReuters: Fed's Waller sees path to rate cuts later this year, Fox Business reports

  6. MINING.COM reported another month of massive Swiss gold shipments to the U.S., highlighting continued large physical flows into the U.S. market.

    SourcesMINING.COM: Another Month of Massive Swiss Gold Shipments to US | February ...

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

  • June 2Mali hearing on Barrick minesReuters reported the hearing on Barrick’s Loulo-Gounkoto mines was postponed to June 2; supply and operational headlines can influence sentiment across mined metals, including gold exposure in the sector.

Metal by metal

Gold $3,284.00 −0.47%

Demand headlines leaned supportive: reports said China has returned to large gold purchases and that China premiums remain firm even at high prices, while India demand is cooling at these levels. Macro coverage was mixed, with Reuters tying intraday softness to a firmer dollar and Kitco pointing to a bounce after weaker existing-home sales.

Gold headlines

Silver $32.73 −1.31%

Silver coverage in the reports was light. One commentary-style piece argued silver is an opportunity and linked the case to tariffs and interest in physical assets, but it did not add new market data.

Silver headlines

Platinum $1,084.00 +1.88%

No report focused on platinum.

Platinum headlines

Palladium $1,023.00 +0.29%

No report focused on palladium.

Palladium headlines

The day’s reports

38 reports, most important first, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHINA back making big gold buys as price tops US$3300/oz China is making large gold purchases again as the price tops US$3,300 an ounce.
  2. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise BULLIONVAULT : Gold Rebounds to Record High as Washington's 'Titanic' Debt 'Sets.. Gold rebounds to a record high as Washington's debt concerns intensify.
  3. 8:00 PM Earlier news service · 8:00 PM BLACKROCK’s IBIT ETF Assets Hit $70 Billion as Gold’s GLD Outflows Surge BlackRock's IBIT ETF assets hit $70 billion as gold-backed GLD outflows surge.
  4. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHINESE Gold Imports Surge as Demand Continues to Grow Chinese gold imports are surging as demand continues to grow.
  5. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Heads for Weekly Surge as US Fiscal Concerns Cause Tremors Gold is headed for a weekly surge as U.S. fiscal concerns unsettle markets.
  6. 8:00 PM Earlier news service · 8:00 PM ASIA : High prices cool Indian gold demand, China premiums hold firm High prices are cooling Indian gold demand while China premiums remain firm.
  7. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise GOLDMAN SACHS INSIGHTS : Why gold prices are predicted to rise to record highs Goldman Sachs says gold prices are expected to rise to record highs.
  8. 10:22 AM Reuters · 10:22 AM Fed's Waller sees path to rate cuts later this year, Fox Business reports Fed's Waller said rate cuts could come later this year, Reuters reported.
  9. 10:18 PM Earlier news service · 10:18 PM▲ Reports a rise Gold Set for Weekly Gain Gold is set for a weekly gain.
  10. 9:30 PM Economies.com · 9:30 PM▲ Reports a rise Gold expands gains to two-week high as dollar weakens Gold rises to a two-week high as the dollar weakens.
  11. 9:30 PM Earlier news service · 9:30 PM▼ Reports a fall Gold falls on dollar uptick, profit taking Gold falls on a stronger dollar and profit taking.
  12. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SCRAP : Gold rush 2.0: Americans cash in as precious metal hovers near all-time .. Americans are cashing in on gold as precious metals hover near all-time highs.
  13. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise WORLD GOLD COUNCIL : Unearthed: How ETF Inflows Are Shaping Gold Demand in 2025 The World Gold Council explains how ETF inflows are shaping gold demand in 2025.
  14. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise COMMERZBANK : Gold benefits from uncertain US budget situation Commerzbank says gold is benefiting from uncertainty over the U.S. budget situation.
  15. 8:00 PM Earlier news service · 8:00 PM ASIAN gold demand fall amid higher prices; Shanghai gold rebounds as equity rall.. Asian gold demand is falling on higher prices, while Shanghai gold is rebounding as equities rally eases.
  16. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise BRIDGEWATER : Think the Rally in Gold Is Over? Not According to the World’s Bigg.. Bridgewater argues the gold rally is not over.
  17. 4:48 PM Reuters · 4:48 PM Freeport Indonesia says Manyar smelter resumes operations after fire Freeport Indonesia says its Manyar smelter has resumed operations after a fire.
  18. 4:44 PM Reuters · 4:44 PM Mali hearing on Barrick’s Loulo-Gounkoto mines postponed to June 2 Reuters reports a Mali hearing on Barrick's Loulo-Gounkoto mines has been postponed to June 2.
  19. 3:17 PM Kitco News · 3:17 PM▲ Reports a rise Gold can get to $4,000 this year if ETF demand hits peak 2020 levels - VanEck’s Casanova A VanEck executive says gold could reach $4,000 this year if ETF demand returns to peak 2020 levels.
  20. 10:00 AM Kitco News · 10:00 AM▲ Reports a rise Spot gold bounces near $3,300/oz after U.S. existing-home sales fall 0.5% in April Gold bounced near $3,300 after U.S. existing-home sales fell in April.
  21. 9:49 AM Reuters · 9:49 AM▼ Reports a fall Gold prices ease from two-week high as dollar edges higher Gold prices eased from a two-week high as the dollar strengthened.
  22. 9:45 AM Kitco News · 9:45 AM▼ Reports a fall Gold price struggling to hold $3,300 as flash manufacturing service sector PMIs ruse 52.3% in May Gold struggled to hold $3,300 after flash manufacturing and services PMIs improved.
  23. 8:32 AM Kitco News · 8:32 AM Gold prices treading water around $3,300 as weekly jobless claims stabilize at 227K Gold traded near $3,300 as weekly jobless claims held at 227,000.
  24. 8:30 AM Kitco News · 8:30 AM▼ Reports a fall Gold price down a bit but bond market jitters are bullish Gold slipped slightly while bond-market jitters were described as supportive.
  25. 7:02 AM Earlier news service · 7:02 AM▲ Reports a rise Gold Snap 3-Day Winning Streak Gold extended its winning streak to a third day.
  26. 9:30 PM Yahoo Finance · 9:30 PM Almaden Announces Early Repayment of Gold Loan with Almadex Almaden announces early repayment of its gold loan.
  27. 8:00 PM Earlier news service · 8:00 PM ATLANTIC COUNCIL : Gold’s geopolitical comeback: How physical and digital gold c.. The Atlantic Council examines gold's geopolitical comeback in physical and digital forms.
  28. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Gold's optimal portfolio weight in a higher correlated envi.. The World Gold Council discusses gold's optimal portfolio weight in a more correlated market environment.
  29. 8:00 PM Earlier news service · 8:00 PM PETER REDWARD : Gold continues to tread water. Peter Redward says gold continues to tread water.
  30. 7:20 PM sbcgold.com · 7:20 PM▲ Reports a rise Silver Presents a Big Buying Opportunity to Investors | Scottsdale ... Scottsdale Mint argues silver is a buying opportunity as tariffs may support demand for physical assets.
  31. 5:57 PM Kitco News · 5:57 PM Credit cracks, Buffett’s $348B cash bet, and why gold is holding the line – Larry McDonald Kitco News discusses credit cracks, Buffett's cash position, and why gold is holding firm.
  32. 3:09 PM Kitco News · 3:09 PM▲ Reports a rise $100 silver price, $4,500 gold price? This chart proves the bull market is just starting – Jordan Roy-Byrne Kitco News features a chart-based view arguing the gold and silver bull market is just starting.
  33. 2:03 PM Earlier news service · 2:03 PM▼ Reports a fall Comex Gold Settles 0.51% Lower at $3292.30 — Data Talk Comex gold settled 0.51% lower at $3,292.30.
  34. 12:52 PM Kitco News · 12:52 PM▼ Reports a fall Gold sees mild profit-taking pressure Kitco News says gold is seeing mild profit-taking pressure.
  35. 12:08 PM Kitco News · 12:08 PM▼ Reports a fall Gold price could decline 10% by year-end as geopolitical tensions cool - Standard Chartered Standard Chartered says gold could fall 10% by year-end if geopolitical tensions ease.
  36. 9:15 AM Benzinga · 9:15 AM Mining For Gold In Africa: Pasofino Gold Shares Progress On Its 400 Million Ounce Gold Project - Pasofino Gold (OTC:EFRGF) Benzinga highlights Pasofino Gold's progress on its African gold project.
  37. 8:15 AM Kitco News · 8:15 AM Gold market analysis for May 22 - key intra-day price entry levels for active traders Kitco gives intraday gold price entry levels for active traders.
  38. 12:11 AM Earlier news service · 12:11 AM Gold glistens brighter in a chaotic world: podcast A podcast says gold looks stronger in a chaotic global backdrop.

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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