Daily brief · Wednesday, May 28, 2025
Gold steady near $3,301 as Fed minutes weigh; silver outperforms
Gold finished little changed at $3,300.85 an ounce as traders focused on the Federal Reserve minutes and what they imply about inflation and recession risk. Silver rose more sharply to $33.29, while platinum added modestly and palladium slipped.
AI summaryWritten automatically with AI from 16 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 28, 2025
Tone of the reports: Mixed
What happened
Gold was steady into and after the Fed minutes, with Reuters framing the minutes as highlighting both inflation concerns and recession risks.
SourcesReuters: Gold holds steady as Fed minutes flag inflation, recession risks2: Gold little changed ahead of US Fed minutes
Reuters said bargain hunting helped nudge gold up earlier in the session ahead of the minutes.
SourcesReuters: Gold drifts up on bargain hunting ahead of Fed minutes
Kitco also described gold as treading water/edging higher ahead of the FOMC minutes as the market waited for policy clues.
SourcesKitco News: Gold treads water ahead of FOMC minutes2: Gold price up a bit as FOMC minutes awaited | Kitco News
Some coverage tied softer trade-friction headlines to capped gold upside, with one report saying easing U.S.-EU trade tensions limited gains.
SourcesEarlier news service: Gold steadies as easing US-EU trade tensions cap gains
A separate report said gold fell after a trade court blocked Trump tariffs, pointing to trade-policy news as a driver for safe-haven demand.
SourcesEarlier news service: Gold Falls as Trade Court Blocks Trump Tariffs
Kitco reported China is widening market access by letting overseas investors and brokers directly trade Shanghai Futures Exchange gold and silver contracts, part of a push for more pricing power in commodities.
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
Kitco published a bullish year-end scenario arguing gold could reach $4,000/oz after the current correction.
SourcesKitco News: Gold will reach $4,000/oz, silver will hit $40/oz toward year-end as ...
Investing.com said gold’s longer-term drivers remain firm and described a setup where gold is “eyeing” a breakout above $3,380.
SourcesInvesting.com: Gold Eyes Breakout Above $3,380 as Long-Term Drivers Stay Firmly ...
ING said China’s gold imports have surged, a demand-side point that some commentary treats as supportive for gold.
Kitco and others highlighted China’s efforts to expand direct access to its gold and silver futures market, which could support broader participation and liquidity in those contracts.
The case for lower prices
Investing.com’s technical view said bears were in control as gold slid below key moving averages, pointing to negative chart signals.
SourcesInvesting.com: Gold: Bears in Control as Price Slides Below Key Moving Averages ...
One report said gold fell after a trade court blocked Trump tariffs, suggesting reduced trade-risk headlines can cool safe-haven demand.
SourcesEarlier news service: Gold Falls as Trade Court Blocks Trump Tariffs
A separate report said easing U.S.-EU trade tensions capped gains, another risk-on tilt that can limit upside for gold in the short run.
SourcesEarlier news service: Gold steadies as easing US-EU trade tensions cap gains
What to watch
- May 28FOMC minutesReuters and Kitco said the minutes were the day’s key focus for inflation, recession-risk, and rate-path signals that can move gold.
Metal by metal
The day’s reports
18 reports, most important first, New York time.
- 8:33 PM Earlier news service · 8:33 PM▼ Reports a fall Gold Falls as Trade Court Blocks Trump Tariffs Gold fell after a trade court blocked Trump tariffs.
- 10:39 AM Kitco News · 10:39 AM Shanghai Futures Exchange offers overseas investors and brokers direct access to gold, silver contracts as China pushes for pricing power over commodities Shanghai Futures Exchange opens direct access to gold and silver contracts for overseas investors and brokers as China seeks more commodity pricing power.
- 8:01 PM Kitco News · 8:01 PM▲ Reports a rise Gold price up a bit as FOMC minutes awaited | Kitco News Gold prices edged higher ahead of the FOMC minutes.
- 8:01 PM Investing.com · 8:01 PM Amundi expands gold ETC offerings with new tranche By Investing ... Amundi expanded its gold ETC offerings with a new tranche.
- 8:01 PM Investing.com · 8:01 PM▲ Reports a rise Gold Eyes Breakout Above $3,380 as Long-Term Drivers Stay Firmly ... Gold is eyeing a breakout above $3,380 as long-term support factors remain firm.
- 8:01 PM FXEmpire · 8:01 PM Gold (XAUUSD) Consolidates Below Key Resistance as US Dollar ... Gold consolidates below key resistance while traders price in Fed easing and note stronger China gold imports.
- 8:00 PM Earlier news service · 8:00 PM Gold steadies as easing US-EU trade tensions cap gains Gold steadies as easing U.S.-EU trade tensions limit further gains.
- 3:14 PM Reuters · 3:14 PM Gold holds steady as Fed minutes flag inflation, recession risks Gold holds steady as Fed minutes highlight inflation and recession risks.
- 2:27 PM Earlier news service · 2:27 PM Gold Steady After FOMC Gold is steady after the FOMC meeting.
- 2:05 PM Earlier news service · 2:05 PM▼ Reports a fall Comex Gold Settles 0.17% Lower at $3293.60 — Data Talk Comex gold settles 0.17% lower at $3,293.60.
- 1:22 PM Reuters · 1:22 PM Gold little changed ahead of US Fed minutes Gold is little changed before the latest U.S. Fed minutes.
- 11:36 AM Kitco News · 11:36 AM Gold treads water ahead of FOMC minutes Gold is little changed ahead of the Federal Open Market Committee minutes.
- 10:14 AM Reuters · 10:14 AM▲ Reports a rise Gold drifts up on bargain hunting ahead of Fed minutes Gold is drifting higher on bargain hunting ahead of the Fed minutes.
- 8:16 AM Earlier news service · 8:16 AM Gold Steadies Ahead Fed Minutes Gold is steady ahead of the Federal Reserve minutes.
- 4:16 AM Earlier news service · 4:16 AM▲ Reports a rise XAU/USD: Gold Rebounds to Reclaim $3,300 as Traders Weigh Softening Trade Tensions Gold is rebounding to reclaim $3,300 as traders weigh softer trade tensions.
- 4:05 AM Earlier news service · 4:05 AM▲ Reports a rise Gold Rises as Investors Buy the Dip Gold is rising as investors buy the dip.
- 8:01 PM Investing.com · 8:01 PM Gold Futures Technical Analysis - Investing.com Investing.com's gold futures technical analysis page summarizes the market's current setup.
- 7:55 AM Kitco News · 7:55 AM Gold market analysis for May 28 - key intra-day price entry levels for active traders Kitco publishes gold market analysis and key intraday price levels for active traders.
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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