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Daily brief · Friday, June 6, 2025

Gold drops on strong jobs data; silver, platinum and palladium finish higher

Gold closed at $3,339.90 an ounce, down -1.03%, after strong U.S. jobs data pushed traders to scale back near-term Federal Reserve rate-cut expectations, Reuters reported. Silver and the PGMs ended higher, with Reuters noting silver had recently touched a more-than-13-year high earlier in the session.

AI summaryWritten automatically with AI from 21 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 6, 2025

Gold $3,339.90 −1.03% 30d −1.5% Silver $36.19 +1.09% 30d +10.1% Platinum $1,167.00 +2.91% 30d +18.4% Palladium $1,030.00 +1.58% 30d +4.8%

Tone of the reports: Mixed

What happened

  1. Gold fell more than 1% after a strong U.S. jobs report weakened expectations for Fed rate cuts, Reuters reported.

    SourcesReuters: Gold falls over 1% as strong US jobs data clouds outlook for rate cuts

  2. Reuters said the Fed is seen in no rush to cut rates because the job market is cooling but still resilient.

    SourcesReuters: Fed seen in no rush to cut rates as US job market cools but doesn't crumble

  3. Reuters reported gold was still poised for a weekly gain, while silver touched an over-13-year high in the session.

    SourcesReuters: Gold poised for weekly gain; silver touches over 13-year high

  4. Central banks are on track for a fourth straight year of large gold purchases, according to Kitco and Metals Focus coverage.

    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

  5. Physically backed gold ETFs saw $1.8 billion of outflows in May, ending a five-month run of inflows, according to Seeking Alpha.

    SourcesSeeking Alpha: Gold ETF Flows: May 20252: Global gold ETF flows turn negative in May, total outflows hit $1.8 billion (GLD:NYSEARCA)

  6. Perth Mint’s May gold sales fell to a three-month low and silver sales dropped 31%, Reuters reported.

    SourcesReuters: Perth Mint’s May gold sales slip to 3-month low; silver down 31%

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

  • UpcomingUS inflation dataAction Forex said inflation is next on the calendar; the report framed it as a key input for rate expectations, which can matter for gold pricing.

Metal by metal

Gold $3,339.90 −1.03%

Reuters tied today’s drop to the stronger U.S. jobs data and the resulting pullback in expectations for Fed rate cuts. Separately, Kitco/Metals Focus and related coverage said central banks remain heavy buyers, while Seeking Alpha reported physically backed gold ETFs saw net outflows in May.

Gold headlines

Silver $36.19 +1.09%

Reuters said silver touched a more-than-13-year high during the session. Reuters also reported Perth Mint’s May silver sales fell 31%.

Silver headlines

Platinum $1,167.00 +2.91%

No report focused on platinum.

Platinum headlines

Palladium $1,030.00 +1.58%

No report focused on palladium.

Palladium headlines

The day’s reports

23 reports, most important first, New York time.

  1. 10:09 PM Earlier news service · 10:09 PM▲ Reports a rise Gold rises as weak US data outweighs optimism from Trump-Xi call Gold prices rose as weak U.S. data outweighed optimism from the Trump-Xi call.
  2. 4:23 PM Reuters · 4:23 PM▼ Reports a fall Perth Mint’s May gold sales slip to 3-month low; silver down 31% Perth Mint's May gold sales fell to a three-month low and silver sales dropped 31%.
  3. 2:54 PM Reuters · 2:54 PM▼ Reports a fall Gold falls over 1% as strong US jobs data clouds outlook for rate cuts Gold falls more than 1% after strong US jobs data weakens expectations for Fed rate cuts.
  4. 9:27 AM Reuters · 9:27 AM Fed seen in no rush to cut rates as US job market cools but doesn't crumble Reuters says the Fed is seen in no rush to cut rates as the U.S. job market cools but remains resilient.
  5. 9:09 AM Seeking Alpha · 9:09 AM▼ Reports a fall Gold ETF Flows: May 2025 Global physically backed gold ETFs lost $1.8 billion in May, ending five months of inflows.
  6. 8:16 AM Reuters · 8:16 AM▲ Reports a rise Gold poised for weekly gain; silver touches over 13-year high Reuters says gold is headed for a weekly gain while silver touched more than a 13-year high.
  7. 7:15 AM Seeking Alpha · 7:15 AM▼ Reports a fall Global gold ETF flows turn negative in May, total outflows hit $1.8 billion (GLD:NYSEARCA) Physically backed gold ETFs lost $1.8 billion in May, ending a five-month streak of inflows.
  8. 10:09 PM Yahoo Finance · 10:09 PM▲ Reports a rise Asante Provides Financial and Operating Results for the Quarter ... Asante reported higher revenue mainly because of stronger gold prices, partly offset by lower gold sales volume.
  9. 10:09 PM FXStreet · 10:09 PM Forex News - FXStreet FXStreet says gold prices are flat amid Fed rate-cut bets, trade uncertainty and geopolitical risks.
  10. 10:09 PM Earlier news service · 10:09 PM Asia Gold: Indian dealers offer steeper discounts as price rally dulls demand Indian gold dealers are offering steeper discounts as the recent price rally slows demand.
  11. 8:47 PM Action Forex · 8:47 PM Markets Weekly Outlook - US Inflation on Deck as Trade Uncertainty ... Weekly outlook says gold gave back most early gains and finished the week about 0.83% higher as U.S. inflation data looms.
  12. 12:51 PM Kitco News · 12:51 PM Forget Elon Musk and DOGE: Now Congress is looking to audit America’s gold in Fort Knox Congress is looking to audit America's gold in Fort Knox, according to Kitco News.
  13. 9:47 AM Reuters · 9:47 AM Gold nearly steady as strong US jobs data offsets geopolitical jitters Reuters says gold was nearly steady as strong U.S. jobs data offset geopolitical jitters.
  14. 8:56 AM Kitco News · 8:56 AM▼ Reports a fall Gold price loses altitude after upbeat U.S. jobs data Kitco says gold lost ground after upbeat U.S. jobs data.
  15. 8:30 AM Kitco News · 8:30 AM▼ Reports a fall Updated: Gold see some selling pressure after U.S. economy created 139K jobs in May Kitco says gold came under selling pressure after the U.S. economy created 139,000 jobs in May.
  16. 10:09 PM FXEmpire · 10:09 PM Gold Price Forecasts Today: Expert Analysis & Predictions | FXEmpire FXEmpire publishes a gold price forecast with expert analysis, predictions and technical outlook.
  17. 5:59 PM Kitco News · 5:59 PM Beyond gold: Silver and platinum are now the metals to watch Kitco says silver and platinum are becoming the metals to watch beyond gold.
  18. 5:22 PM Kitco News · 5:22 PM Wall Street stays cautious on gold, Main Street grows more optimistic with Fed-moving inflation data mid-week Kitco says Wall Street remains cautious on gold while Main Street grows more optimistic ahead of Fed-moving inflation data.
  19. 3:45 PM Kitco News · 3:45 PM Gold’s failed breakout at $3,400 leaves market in holding pattern, but upside potential remains Kitco says gold's failed breakout at $3,400 leaves the market in a holding pattern, though upside potential remains.
  20. 1:52 PM Kitco News · 1:52 PM▲ Reports a rise Undervalued silver is sniffing out stagflation, prices could hit $40 this year, break $50 ATH in 2026 – SilverStockInvestor’s Krauth   A Kitco News commentary says undervalued silver could reach $40 this year and break its 2026 record high.
  21. 8:29 AM Action Forex · 8:29 AM XAU/USD: Gold in Quiet Mode Ahead of Key US Labor Data Action Forex says gold is range-bound in quiet trading ahead of key U.S. labor data after rejecting the $3,400 zone.
  22. 7:57 AM Kitco News · 7:57 AM Gold market analysis for June 6 - key intra-day price entry levels for active traders Kitco offers gold market analysis and key intraday price entry levels for active traders on June 6.
  23. 7:30 AM Seeking Alpha · 7:30 AM Gold Market Commentary: Let Them Eat Tariffs Seeking Alpha says gold ended May almost flat after swinging around during the month.

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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