• Gold Ask $3,970.01 +$12.69 (+0.32%)
  • Silver Ask $50.06 −$0.19 (−0.38%)
  • Platinum Ask $1,430.02 −$2.18 (−0.15%)
  • Palladium Ask $948.49 +$3.35 (+0.35%)
Delayed · Ask prices as of
Type at least two characters for suggestions. Use the down arrow to browse suggestions, or press Enter to see all results.
(646) 362-3536
Account
Sell to Us
Cart 0 items

Daily brief · Thursday, May 29, 2025

Gold steady near $3,312 as tariff ruling and U.S. inflation data keep buyers cautious

Gold finished slightly higher at $3,312.40 an ounce, with trading driven by a U.S. court roadblock on tariffs and positioning ahead of the next key U.S. inflation reading. Several reports also pointed to slower-growth signals and ongoing official-sector and geopolitical undercurrents supporting longer-term interest in gold.

AI summaryWritten automatically with AI from 23 linked reports and our own price data, Oct 21, 1:51 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 29, 2025

Gold $3,312.40 +0.35% 30d +0.2% Silver $33.37 +0.26% 30d +0.4% Platinum $1,088.00 +0.00% 30d +10.2% Palladium $976.00 +0.31% 30d +3.2%

Tone of the reports: Mixed

What happened

  1. Gold closed at $3,312.40 an ounce (+0.35%), while silver ended at $33.37 (+0.26%); platinum was unchanged at $1,088.00 and palladium rose to $976.00 (+0.31%).

  2. Reuters reported gold held firm after markets digested a court roadblock on tariffs, a development that fed into day-to-day safe-haven positioning.

    SourcesReuters: Gold holds firm as markets digest court roadblock on tariffs

  3. Reuters reported gold rebounded on dip-buying, with attention turning to upcoming U.S. PCE inflation data.

    SourcesReuters: Gold rebounds on dip-buying, focus turns to US PCE data

  4. Kitco said gold saw solid gains as the U.S. dollar weakened and Treasury yields dipped, helping support bullion demand.

    SourcesKitco News: Gold sees solid gains on weaker greenback, dip in Treasury yields

  5. Kitco reported gold caught a safe-haven bid after U.S. GDP contracted 0.2% in Q1, adding to recession-style concerns in the day’s narrative.

    SourcesKitco News: Gold prices catching a safe-haven bid as U.S. GDP contracts 0.2% in Q1

  6. The FT reviewed drivers behind the broader rise in gold, while separate reports highlighted political pressure in Germany to bring Bundesbank gold reserves home and a report that Russia transferred 1.8 tons of gold bars to Iran as payment.

    SourcesEarlier news service: FT : What is behind the rise in the gold price?2: BUNDESBANK faces pressure to bring gold reserves home amid Trump concerns3: RUSSIA transferred 1.8 tons of gold bars (approx US$104 mn) to Iran as payment f..

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

  • UpcomingU.S. PCE inflation dataReuters, FXStreet, and other reports said gold trading is focused on this release because it can shift expectations around rates and the dollar, key inputs for bullion pricing.

Metal by metal

Gold $3,312.40 +0.35%

Reuters said gold’s day-to-day tone was shaped by dip-buying and focus on upcoming U.S. PCE inflation data, while also reacting to a court roadblock on tariffs. Kitco added support from a weaker dollar, lower yields, and a safe-haven bid after U.S. GDP contracted in Q1; the FT discussed the broader forces behind gold’s longer-term rise.

Gold headlines

Silver $33.37 +0.26%

No report focused on silver.

Silver headlines

Platinum $1,088.00 +0.00%

No report focused on platinum.

Platinum headlines

Palladium $976.00 +0.31%

No report focused on palladium.

Palladium headlines

The day’s reports

The 40 most important of 41 reports, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM RUSSIA transferred 1.8 tons of gold bars (approx US$104 mn) to Iran as payment f.. Russia reportedly transferred 1.8 tons of gold bars to Iran as payment.
  2. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold prices retreat as investors await key US inflation data Gold prices retreat as investors wait for key US inflation data.
  3. 8:00 PM Earlier news service · 8:00 PM BUNDESBANK faces pressure to bring gold reserves home amid Trump concerns Bundesbank faces pressure to bring gold reserves home amid Trump concerns.
  4. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise FT : What is behind the rise in the gold price? The FT asks what is behind the rise in the gold price.
  5. 7:49 PM Reuters · 7:49 PM Barrick asks World Bank court to intervene in Mali proceedings Barrick asks a World Bank court to intervene in Mali proceedings.
  6. 4:43 AM Earlier news service · 4:43 AM▲ Reports a rise India's gold hoard up 7% at 879.59 tonnes in FY25 India's gold hoard rose 7% to 879.59 tonnes in FY25.
  7. 10:32 PM Earlier news service · 10:32 PM▼ Reports a fall Gold Heads for Weekly Loss Gold is headed for a weekly loss.
  8. 8:00 PM Earlier news service · 8:00 PM CHINA Challenges Global Gold/Silver Pricing With SHFE Access China is challenging global gold and silver pricing with SHFE access.
  9. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise COMMERZBANK : Gold is trading firmly amid trade uncertainty Commerzbank says gold is trading firmly amid trade uncertainty.
  10. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise BANK OF AMERICA Eyeballs $4,000 Gold and $40 Silver Bank of America raises the possibility of gold reaching $4,000 and silver $40.
  11. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise INDIA gold demand lags as prices rise, wedding buying cools India gold demand is lagging as prices rise and wedding buying cools.
  12. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise FT : ‘Role of gold is being re-evaluated amid Trump tariffs’ The FT says gold's role is being re-evaluated amid Trump tariffs.
  13. 3:38 PM Reuters · 3:38 PM Gold holds firm as markets digest court roadblock on tariffs Gold holds firm as markets digest a court roadblock on tariffs.
  14. 2:08 PM Earlier news service · 2:08 PM▲ Reports a rise Comex Gold Settles 0.67% Higher at $3317.10 — Data Talk Comex gold settled 0.67% higher at $3317.10.
  15. 12:33 PM Kitco News · 12:33 PM▲ Reports a rise Gold sees solid gains on weaker greenback, dip in Treasury yields Gold gains on a weaker dollar and lower Treasury yields.
  16. 12:05 PM Reuters · 12:05 PM▼ Reports a fall Kazatomprom’s Q1 profit fell to $238 million Kazatomprom says its first-quarter profit fell to $238 million.
  17. 10:02 AM Kitco News · 10:02 AM▲ Reports a rise Gold prices holding gains as U.S. pending home sales drop 6.3% in April Gold holds onto gains after U.S. pending home sales fall 6.3% in April.
  18. 10:00 AM Reuters · 10:00 AM▲ Reports a rise Gold rebounds on dip-buying, focus turns to US PCE data Gold rebounds on dip-buying as traders focus on upcoming U.S. PCE inflation data.
  19. 8:38 AM Kitco News · 8:38 AM▲ Reports a rise Gold prices catching a safe-haven bid as U.S. GDP contracts 0.2% in Q1 Gold gains safe-haven demand as U.S. GDP contracts 0.2% in the first quarter.
  20. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Gold prices at session highs after U.S. weekly jobless claims rise to 240k Gold prices reach session highs after U.S. weekly jobless claims rise to 240,000.
  21. 8:22 AM Kitco News · 8:22 AM▲ Reports a rise Gold price up just a bit amid U.S. trade tariff uncertainty Gold prices edge higher amid uncertainty over U.S. trade tariffs.
  22. 4:27 AM Investing.com · 4:27 AM▼ Reports a fall Gold: Court Block on Trump Tariffs Raises Sell-Off Risk Investing.com says the Trump tariff court block raises sell-off risk for gold.
  23. 11:04 PM FXStreet · 11:04 PM Gold Forecast: XAU/USD turns cautious again ahead of US inflation ... Gold turns cautious again ahead of U.S. PCE inflation data.
  24. 8:00 PM Earlier news service · 8:00 PM THORSTEN POLLEIT : Gold Is an Asset Investors Need to Own Thorsten Polleit argues that gold is an asset investors need to own.
  25. 8:00 PM Earlier news service · 8:00 PM AMERICANS can swerve taxes by using gold & silver to make purchases under July 1.. The article says Americans can use gold and silver to make purchases under a new tax approach.
  26. 8:00 PM Earlier news service · 8:00 PM JOHN BUTLER : The "wonderful" road back to gold John Butler discusses the road back to gold.
  27. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise FIDELITY : Can gold prices continue their historic run? Fidelity asks whether gold prices can continue their historic run.
  28. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Unearthed: EU Economic Outlooks & Potential Renaissance, ft.. The World Gold Council discusses EU economic outlooks and a potential renaissance.
  29. 8:00 PM Earlier news service · 8:00 PM Who Sets the Price of Gold? Market Forces & Key Players The article explains who sets the price of gold and the market forces involved.
  30. 3:15 PM Kitco News · 3:15 PM David Einhorn reflects on gold, and markets at Sohn Montreal Conference David Einhorn discusses gold and markets at the Sohn Montreal Conference.
  31. 2:10 PM Kitco News · 2:10 PM Gold’s ‘big long’: Trust in Fiat money is evaporating, ‘In Gold We Trust’ author warns A gold market commentator warns that trust in fiat money is evaporating.
  32. 1:45 PM Kitco News · 1:45 PM Battle of the bonds and gold’s role in portfolios - Sohn Conference Montreal Kitco previews a Montreal Sohn Conference discussion on bonds and gold's role in portfolios.
  33. 10:16 AM GuruFocus · 10:16 AM Dynasty Gold Participates at THE Mining Investment Event in Quebec City and the 121 Mining Investment New York in June | DGDCF Stock News Dynasty Gold will participate in mining investment events in Quebec City and New York in June.
  34. 10:05 AM Earlier news service · 10:05 AM▲ Reports a rise Gold Rebounds on Thursday Gold prices rebound on Thursday.
  35. 10:00 AM GuruFocus · 10:00 AM U.S. Gold Corp Announces Participation in THE Mining Investment Event, Quebec City, Canada, June 3-5, 2025 | USAU Stock News U.S. Gold Corp will participate in The Mining Investment Event in Quebec City in June 2025.
  36. 9:53 AM Yahoo Finance · 9:53 AM▲ Reports a rise Surge in Gold Prices Lifted New Gold (NGD) A fund letter says surging gold prices helped lift New Gold.
  37. 9:48 AM GuruFocus · 9:48 AM NV Gold Announces Drill Program at the Slumber Gold Project in Nevada | NVGLF Stock News NV Gold announces a 4,000-foot reverse circulation drill program at its Slumber Gold Project in Nevada.
  38. 8:11 AM Kitco News · 8:11 AM Gold market analysis for May 29 - key intra-day price entry levels for active traders Kitco News published gold market analysis with key intraday price entry levels.
  39. 2:39 AM ForexLive · 2:39 AM Gold Futures Analysis Today: Range Strategy & Contract Switch (May 29, 2025) ForexLive says gold futures are range-bound and reviews trade levels after Nvidia's earnings.
  40. 8:00 PM Earlier news service · 8:00 PM WEBINAR : SHFE Goes Global: What You Need to Know A webinar explains what SHFE going global means.

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.

Live precious metals pricesGold price chartPrice timelineMarket moodNews archivePremiums over spotWhat we pay todayThe Journal