• Gold Ask $3,957.53 +$0.21 (+0.01%)
  • Silver Ask $49.57 −$0.68 (−1.36%)
  • Platinum Ask $1,406.26 −$25.88 (−1.81%)
  • Palladium Ask $938.48 −$6.45 (−0.68%)
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 · Wednesday, June 4, 2025

Gold firm on weak U.S. data and safe-haven bids; platinum outperforms

Gold closed higher as weaker U.S. economic readings and ongoing trade uncertainty supported safe-haven demand, even as prior jobs data limited follow-through, according to Reuters and Kitco. Platinum led the complex in today’s tape, while palladium slipped despite a higher month-to-date trend.

AI summaryWritten automatically with AI from 19 linked reports and our own price data, Oct 21, 1:52 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 June 4, 2025

Gold $3,364.60 +0.90% 30d +3.5% Silver $34.35 +0.29% 30d +6.1% Platinum $1,079.00 +1.98% 30d +11.1% Palladium $1,000.00 −0.50% 30d +4.8%

Tone of the reports: Mixed

What happened

  1. Gold ended the day at $3,364.60/oz (+0.90%). Reuters and Kitco tied the move to weaker U.S. data and “simmering” uncertainty that kept safe-haven demand in play.

    SourcesReuters: Safe-haven gold rises on weak data, simmering uncertaintyKitco News: Gold prices jump as U.S. services sector contracts for the first time in ...2: Gold rallies on weaker U.S. data, drop in USDX, Treasury yieldsEarlier news service: Gold price surges on weak US ISM report; trade tensions boost safe haven demand

  2. Several outlets emphasized that the latest U.S. services-sector reading was a key catalyst for the day’s bounce in gold, with Kitco saying the services sector contracted for the first time in months.

    SourcesKitco News: Gold prices jump as U.S. services sector contracts for the first time in ...Earlier news service: Gold price surges on weak US ISM report; trade tensions boost safe haven demand

  3. Reuters also flagged a counterweight: jobs-related data helped offset safe-haven buying at times, contributing to periods of consolidation even as gold stayed supported.

    SourcesReuters: Gold holds ground as jobs data offsets safe-haven demandBloomberg: Gold (XAUUSD) Holds Decline After US Jobs Data Deters Demand ...

  4. In Canada, Kitco reported the Bank of Canada held its policy rate at 2.75% as expected; Kitco said spot gold was relatively steady around that decision, while another Kitco piece framed earlier firmness in gold around expectations the BoC would hold after core inflation rose.

    SourcesKitco News: Bank of Canada holds rate at 2.75% as expected, XAUCAD holds ...2: Bank of Canada most likely to hold rates after rise in core inflation ...

  5. On trade and supply headlines, Reuters reported Canada is preparing reprisals over U.S. metals tariffs, and also noted Peru suspended gold mining in Pataz after a violent attack—both items that can add to uncertainty and supply concerns around the margins.

    SourcesReuters: Canada prepares reprisals over U.S. metals tariffs, EU reports ...

  6. A separate article said central banks have been “quietly” fueling the global gold rally, adding a longer-term demand narrative to today’s data-driven price action.

    SourcesEarlier news service: Why CENTRAL BANKS are quietly fueling the global gold rally

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 $3,364.60 +0.90%

Reuters and Kitco linked today’s strength to weaker U.S. data (including a soft services signal) and ongoing uncertainty supporting safe-haven demand, though Reuters also noted jobs-related data at times offset that support. Kitco also highlighted the Bank of Canada rate hold as expected and broader discussion of central-bank buying as a supportive backdrop.

Gold headlines

Silver $34.35 +0.29%

No report focused on silver.

Silver headlines

Platinum $1,079.00 +1.98%

No report focused on platinum.

Platinum headlines

Palladium $1,000.00 −0.50%

No report focused on palladium.

Palladium headlines

The day’s reports

38 reports, most important first, New York time.

  1. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Bank of Canada most likely to hold rates after rise in core inflation ... Gold rises as traders expect the Bank of Canada to hold rates after core inflation increased.
  2. 8:00 PM Kitco News · 8:00 PM Bank of Canada holds rate at 2.75% as expected, XAUCAD holds ... The Bank of Canada held rates at 2.75%, and spot gold held relatively steady.
  3. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Why CENTRAL BANKS are quietly fueling the global gold rally An article explains why central banks are quietly fueling the global gold rally.
  4. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold price surges on weak US ISM report; trade tensions boost safe haven demand Gold surged on weak U.S. ISM data as trade tensions boosted safe-haven demand.
  5. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold price holds above $3,350 on trade uncertainty, jobs data Gold is holding above $3,350 as trade uncertainty and jobs data support prices.
  6. 8:00 PM Earlier news service · 8:00 PM VIETNAM : End of monopoly: Vietnam to liberalize gold bullion market Vietnam plans to liberalize its gold bullion market and end the current monopoly.
  7. 4:17 PM Reuters · 4:17 PM Canada prepares reprisals over U.S. metals tariffs, EU reports ... Reuters reports Canada is preparing reprisals over U.S. metals tariffs and mentions Peru suspending gold mining in Pataz after a violent attack.
  8. 11:19 AM Kitco News · 11:19 AM▲ Reports a rise Gold rallies on weaker U.S. data, drop in USDX, Treasury yields Gold rallies on weaker U.S. data and declines in the dollar index and Treasury yields.
  9. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Gold prices jump as U.S. services sector contracts for the first time in ... Gold prices jump after U.S. services sector data showed the first contraction in months.
  10. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise TSX futures rise ahead of BoC's rate decision and US tariff deadline ... TSX futures rise ahead of the Bank of Canada rate decision and a U.S. tariff deadline, while gold and copper prices edge higher.
  11. 8:00 PM Earlier news service · 8:00 PM Why Iranians are seeking safety in gold The article explains why some Iranians are seeking safety in gold.
  12. 8:00 PM Earlier news service · 8:00 PM Gold steadies as modest US jobs data offsets trade uncertainty Gold steadies as modest U.S. jobs data offsets trade uncertainty.
  13. 8:00 PM Earlier news service · 8:00 PM MKS PAMP : First traceable, responsibly produced Ghanaian gold bars presented to.. MKS PAMP presents the first traceable, responsibly produced Ghanaian gold bars.
  14. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SAXO BANK : Gold and silver break key levels as copper eyes tariff decision Saxo Bank says gold and silver broke key levels while copper awaits a tariff decision.
  15. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall iShares Gold Trust Experiences Big Outflow iShares Gold Trust experienced a big outflow.
  16. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Price Gains as '899 Revenge Tax' Hits US Dollar Assets Gold prices gained as a tax on U.S. dollar assets weighed on the dollar.
  17. 8:00 PM Earlier news service · 8:00 PM KENYA at the heart of Africa’s illicit gold trade, new report reveals A new report says Kenya sits at the center of Africa's illicit gold trade.
  18. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise IRAN, hit by high inflation and threatened by Trump, seeks comfort in gold; impo.. An article says high inflation and Trump threats are pushing Iranians toward gold as a store of value.
  19. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise WGC / DAVID TAIT : Central banks’ gold buying to revamp artisanal mining and boo.. The World Gold Council's David Tait discusses how central-bank gold buying could help revamp artisanal mining.
  20. 5:50 PM Reuters · 5:50 PM▲ Reports a rise Safe-haven gold rises on weak data, simmering uncertainty Gold rose on weak data and lingering uncertainty that reinforced safe-haven demand.
  21. 1:50 PM Earlier news service · 1:50 PM▲ Reports a rise Comex Gold Settles 0.70% Higher at $3373.50 — Data Talk COMEX gold settled 0.70% higher at $3,373.50.
  22. 1:45 PM Kitco News · 1:45 PM▲ Reports a rise Gold and silver break out as ‘macro setup is shifting in favour of precious metals’ – Saxo Bank’s Hansen Saxo Bank's Hansen says gold and silver are breaking out as the macro backdrop turns more favorable for precious metals.
  23. 10:27 AM Earlier news service · 10:27 AM▲ Reports a rise Gold Rises as Weak US Data Fuels Fed Rate Cut Bets Gold rises as weak U.S. data increases bets on Fed rate cuts.
  24. 9:52 AM Reuters · 9:52 AM Gold holds ground as jobs data offsets safe-haven demand Gold holds ground as jobs data offsets safe-haven demand.
  25. 8:49 AM Earlier news service · 8:49 AM Gold Holds Steady as Investors Digest Mixed Jobs Data Gold holds steady as investors digest mixed jobs data.
  26. 8:16 AM Kitco News · 8:16 AM Gold prices see solid support as U.S. ADP shows 37K jobs created in May Gold prices find solid support after U.S. ADP reported 37,000 private-sector jobs added in May.
  27. 10:09 PM Earlier news service · 10:09 PM▲ Reports a rise Gold Retains Advance Gold retains its advance.
  28. 8:00 PM Investing.com · 8:00 PM A-Mark Precious Metals CFO sells $103k in stock By Investing.com A-Mark Precious Metals' CFO sold about $103,000 of company stock.
  29. 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise New Gold (NGD) Beats Stock Market Upswing: What Investors Need ... New Gold shares outperformed as investors weighed the stock's move against the broader market.
  30. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Bank Of America Stock Price Today | NYSE: BAC Live - Investing.com Bank of America Securities sees near-term weakness in Brent and upside in gold.
  31. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SCRAP : Ramsdens: chain set to open six to eight new stores per year as high gol.. Ramsdens plans to open six to eight new stores a year as high gold prices boost scrap activity.
  32. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHARTS : GOLD: Bullish Bias Above Broken Triangle’s Upper Boundary A chart note says gold remains bullish after breaking above a triangle pattern.
  33. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold posts a solid gain but there are challenges Gold posted a solid gain, though the article says challenges remain.
  34. 3:36 PM Kitco News · 3:36 PM▲ Reports a rise Why juniors could 10x from here - Michael Gentile Kitco interviews Michael Gentile on why junior miners could rise tenfold from here.
  35. 1:24 PM Kitco News · 1:24 PM $3,500 is as good as it gets for gold and rallies should be shorted - DeCarley’s Garner A Kitco analyst says $3,500 may be gold's high point and that rallies should be sold.
  36. 8:17 AM Kitco News · 8:17 AM▼ Reports a fall Gold, silver a bit weaker on mid-week price pauses Gold and silver are a bit weaker as markets pause mid-week.
  37. 8:00 PM Earlier news service · 8:00 PM LSEG : The role of gold LSEG examines the role of gold.
  38. 8:07 AM Kitco News · 8:07 AM Gold market analysis for June 4 - key intra-day price entry levels for active traders Kitco News offers daily gold market analysis with 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.

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