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Daily brief · Thursday, June 5, 2025

Silver and platinum led a broad metals pop; gold steadier amid mixed Fed signals

Silver jumped above $35 to a more than 13-year high, and platinum outperformed on a strong one-day move. Gold finished slightly higher, with reports split between weak-data support and later pressure after a stronger-than-expected U.S. jobs read cooled rate-cut expectations.

AI summaryWritten automatically with AI from 22 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 5, 2025

Gold $3,374.60 +0.30% 30d −0.5% Silver $35.80 +4.21% 30d +8.4% Platinum $1,134.00 +5.10% 30d +15.4% Palladium $1,014.00 +1.40% 30d +5.5%

Tone of the reports: Mixed

What happened

  1. Silver surged past $35/oz to a more than 13-year high, according to Reuters, with gold firmer early as traders waited for U.S. data.

    SourcesReuters: Silver surges past $35/oz level to hit a more than 13-year high2: Gold firms as traders await US data; silver hits 13-year high

  2. Gold’s tone was mixed: Investing.com tied gains to weaker U.S. data and rising bets on Fed rate cuts, while another report said gold eased after stronger-than-expected U.S. nonfarm payrolls reduced rate-cut expectations.

    SourcesInvesting.com: Gold Prices Gains as Weak US Data Fuels Fed Rate Cut ...Earlier news service: Gold prices ease as US NFPs beat estimates, Fed expectations ease

  3. Central-bank buying remained a key supportive theme, with Kitco and other reports saying official-sector purchases are on track for a fourth straight year of heavy buying and that stockpiling is continuing at a record pace.

    SourcesKitco News: Central banks on track for 4th year of massive gold purchases ...Earlier news service: Central banks on track for 4th year of massive gold purchases, Metals Focus says2: Global CENTRAL BANKS keep stockpiling gold at record pace

  4. ETF demand showed a setback: Kitco cited the World Gold Council saying gold-backed ETFs saw their first outflows in five months, and a separate report said ETF momentum cooled in May with North America and Asia leading selling.

    SourcesKitco News: Gold-backed ETFs see first outflows in five months - WGCEarlier news service: Gold ETFs lose momentum in May as North America, Asia lead sell-off

  5. Trade policy and geopolitical uncertainty stayed in focus, with Reuters covering warnings from Canadian metals industry groups about new U.S. tariffs, while other commentary tied ongoing trade-war uncertainty and ‘de-dollarization’ to gold demand.

    SourcesReuters: Canadian metals industry warns of layoffs, lost sales due to new US tariffsYahoo Finance: Gold price today, Thursday, June 5, 2025: Gold rises as the trade war continuesThe Economic Times: Rising uncertainty over trade wars and de-dollarisation are pushing up global demand for gold — its supply is limited: Campbell R. Harvey

  6. On the supply side, Bloomberg reported India’s first gold mine since independence is expected to start producing next fiscal year, with Deccan Gold Mines targeting 400 kg from its Jonnagiri project.

    SourcesBloomberg: First Gold Mine In India Since Independence — Deccan Gold Mines To Produce 400 Kg Gold From Next Fiscal

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. economic dataReuters said traders were awaiting U.S. data, which can move interest-rate expectations that feed into gold pricing.

Metal by metal

Gold $3,374.60 +0.30%

Central-bank buying remained a central support theme across several reports, but ETF flows turned negative with the first outflows in five months, per the WGC cited by Kitco. Reports also disagreed on the day’s macro impulse, with weak-data/Fed-cut hopes supportive in one account and stronger U.S. payrolls cooling rate-cut expectations in another.

Gold headlines

Silver $35.80 +4.21%

Reuters highlighted silver’s move above $35/oz to a more than 13-year high. Beyond that price-driven coverage, the provided reports had limited detail on specific silver supply/demand drivers.

Silver headlines

Platinum $1,134.00 +5.10%

The provided reports did not offer specific platinum-focused fundamentals or catalysts beyond the broad precious-metals move; coverage was thin.

Platinum headlines

Palladium $1,014.00 +1.40%

Coverage was thin in the provided reports, with no specific palladium-focused drivers discussed.

Palladium headlines

The day’s reports

The 40 most important of 57 reports, New York time.

  1. 8:00 PM Kitco News · 8:00 PM Central banks on track for 4th year of massive gold purchases ... Kitco says central banks are on track for a fourth straight year of massive gold purchases despite the price rally.
  2. 8:00 PM Earlier news service · 8:00 PM Central banks on track for 4th year of massive gold purchases, Metals Focus says Metals Focus says central banks are on track for a fourth straight year of massive gold purchases.
  3. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Global CENTRAL BANKS keep stockpiling gold at record pace Global central banks are continuing to stockpile gold at a record pace.
  4. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Gold Prices Gains as Weak US Data Fuels Fed Rate Cut ... Gold prices are gaining as weak U.S. data fuels bets on a Fed rate cut.
  5. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Gold ETF Flows: May 2025 - Momentum eases in May The World Gold Council says gold ETF inflows slowed in May 2025.
  6. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise COMMERZBANK : Gold nears $3,400 as geopolitical risk and tariff tensions fuel fl.. Commerzbank says gold is nearing $3,400 as geopolitical risk and tariff tensions support the metal.
  7. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall SA produces 80% less gold than it did 35 years ago South Africa is producing about 80% less gold than it did 35 years ago.
  8. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold prices ease as US NFPs beat estimates, Fed expectations ease Gold prices eased after stronger-than-expected U.S. nonfarm payrolls reduced Fed rate-cut expectations.
  9. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold ETFs lose momentum in May as North America, Asia lead sell-off Gold ETFs lost momentum in May as North America and Asia led the sell-off.
  10. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SILVER jumps to highest level in 13 years, following gold’s 2025 rally Silver jumped to its highest level in 13 years following gold's 2025 rally.
  11. 4:37 PM Kitco News · 4:37 PM▼ Reports a fall Gold-backed ETFs see first outflows in five months - WGC Gold-backed ETFs saw their first outflows in five months, the WGC said.
  12. 1:14 PM Kitco News · 1:14 PM Vietnam announces end of 13-year state gold monopoly to tackle price premiums, smuggling Vietnam will end its 13-year state gold monopoly to reduce price premiums and smuggling.
  13. 1:13 PM Kitco News · 1:13 PM Gold sees profit taking, silver soars to 13-year high Gold pulled back on profit taking while silver surged to a 13-year high.
  14. 10:45 AM Reuters · 10:45 AM▲ Reports a rise Silver surges past $35/oz level to hit a more than 13-year high Silver surged above $35 an ounce to a more than 13-year high.
  15. 8:51 AM Kitco News · 8:51 AM▲ Reports a rise Gold sees price gains, silver soars to 13-year high Gold gains and silver surges to a 13-year high.
  16. 8:36 AM Kitco News · 8:36 AM▲ Reports a rise Gold prices pushing to $4,000 as weekly jobless claims rise by 8k Gold prices are pushing toward $4,000 as weekly U.S. jobless claims rise.
  17. 8:22 AM Reuters · 8:22 AM▲ Reports a rise Gold firms as traders await US data; silver hits 13-year high Gold firms as traders wait for U.S. data, while silver reaches a 13-year high.
  18. 8:00 PM Kitco News · 8:00 PM CAPITALCOMSB:COST Kitco highlights analysis saying gold and silver could hit new highs in the second half as the macro setup shifts in precious metals' favor.
  19. 8:00 PM Earlier news service · 8:00 PM Gold little changed as traders await US payroll data for economic clues Gold is little changed as traders await U.S. payroll data for clues on the economy.
  20. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise GOLD - Uncovering The Shared Roots Of Gold's Rise And Dollar's Fall The piece examines the shared roots of gold's rise and the dollar's fall.
  21. 8:00 PM Earlier news service · 8:00 PM INDIA cenbank set to ease rules for small-ticket gold loans, governor says India's central bank governor says rules for small-ticket gold loans may be eased.
  22. 8:00 PM Earlier news service · 8:00 PM SILVERs Options Sizzle: Are Traders Betting on a Breakout? Silver options activity is surging as traders bet on a possible breakout.
  23. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SAXO BANK : Gold rises as Chinese demand rebounds post-holiday Saxo Bank says gold is rising as Chinese demand rebounds after the holiday period.
  24. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold-Mining ETFs Losing Their Shine Following Torrid 2025 Rally Gold-mining ETFs are losing momentum after a strong 2025 rally.
  25. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SCRAP : Soaring gold price sees more people ‘clear out’ jewellery boxes, Ramsden.. Rising gold prices are prompting more people to clear out jewelry boxes and sell scrap.
  26. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold prices retreat after Trump and Xi engage in trade talks Gold prices fell after Trump and Xi held trade talks.
  27. 8:00 PM Earlier news service · 8:00 PM INDIA's Gold Discounts Hit A High, Dampening Demand Gold discounts in India have hit a high, suggesting weaker demand.
  28. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall ASIA kilobar demand slows amid easing trade tension; Chinese gold demand cools Asia kilobar demand is slowing as trade tensions ease and Chinese gold demand cools.
  29. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold’s cheaper precious metals cousins surge to multi-year highs Cheaper precious metals are surging to multi-year highs.
  30. 8:00 PM Earlier news service · 8:00 PM Gold Miners Lag the Bullion Boom — But Not for Long, Say Wall Street Analysts Analysts say gold miners are lagging the bullion rally but may catch up later.
  31. 3:16 PM Reuters · 3:16 PM Canadian metals industry warns of layoffs, lost sales due to new US tariffs Canadian metals industry groups warned new U.S. tariffs could cause layoffs and lost sales.
  32. 2:04 PM Earlier news service · 2:04 PM▼ Reports a fall Comex Gold Settles 0.68% Lower at $3350.70 — Data Talk Comex gold settled 0.68% lower at $3,350.70.
  33. 1:09 PM FXStreet · 1:09 PM▲ Reports a rise Gold: A place to hide FXStreet says gold remains a preferred safe-haven as central banks kept adding to reserves in 2024.
  34. 12:02 PM Kitco News · 12:02 PM▲ Reports a rise Silver’s breaking $35, but traders already have their eye on the all-time high at $50 Kitco says silver's break above $35 has traders watching the all-time high near $50.
  35. 11:32 AM Kitco News · 11:32 AM▲ Reports a rise Silver market price explodes higher, more upside likely; gold, platinum also bullish Kitco says silver is exploding higher and sees more upside, with gold and platinum also bullish.
  36. 10:14 AM Action Forex · 10:14 AM▲ Reports a rise XAU/USD: Gold Hits One-Month High on Probe Through Strong $3.400 Resistance Zone Gold hit a one-month high after breaking through the $3,400 resistance area.
  37. 9:30 AM Yahoo Finance · 9:30 AM▲ Reports a rise Gold price today, Thursday, June 5, 2025: Gold rises as the trade war continues Gold futures opened higher as investors awaited progress on U.S. trade deals.
  38. 9:02 AM Earlier news service · 9:02 AM▲ Reports a rise Gold Rises on Weak US Data Gold rises on weak U.S. data.
  39. 8:16 AM Kitco News · 8:16 AM▼ Reports a fall Gold pulls back against euro as ECB cuts rates Gold pulls back against the euro as the ECB cuts rates.
  40. 5:00 AM Kitco News · 5:00 AM▲ Reports a rise Gold is not in a bubble! Prices to hit new highs in second half - Metals Focus Metals Focus says gold is not in a bubble and could hit new highs in the second half.

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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