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Daily brief · Wednesday, June 11, 2025

Gold and silver eased; platinum jumped as Fed-cut bets firmed after cool CPI

Gold finished slightly lower at $3,329.70/oz and silver fell to $36.20/oz, even as several reports tied intraday support to cooler U.S. inflation and rising expectations for Fed rate cuts. Platinum led the complex, closing at $1,269.00/oz after a sharp rally that Reuters linked to its tighter and more concentrated demand/supply backdrop than palladium.

AI summaryWritten automatically with AI from 21 linked reports and our own price data, Oct 21, 1:53 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 11, 2025

Gold $3,329.70 −0.24% 30d +2.9% Silver $36.20 −1.52% 30d +13.1% Platinum $1,269.00 +4.19% 30d +29.1% Palladium $1,072.00 +0.94% 30d +11.4%

Tone of the reports: Mixed

What happened

  1. Kitco News said the ECB reported gold has passed the euro as the world’s second-largest reserve asset, and that central-bank buying could influence future supply and prices.

    SourcesKitco News: Gold passes euro as second-largest reserve asset, central bank demand likely to impact future supply, prices – ECB

  2. Reuters reported gold held onto gains after a cooler-than-expected U.S. inflation report, with the CPI print helping underpin the metal during the session.

    SourcesReuters: Gold holds gains after cooler-than-expected US inflation data

  3. Reuters reported traders increased bets that the Fed could start cutting rates in September, a macro backdrop that tends to be supportive for non-yielding assets like bullion when markets price easier policy.

    SourcesReuters: Traders add to bets on September start to Fed rate cuts

  4. Kitco News reported gold hit a session high after U.S. CPI cooled more than expected in May, then later described gold as modestly up following the tame inflation data.

    SourcesKitco News: Gold shoots to session high as U.S. CPI cools more than expected in May2: Gold modestly up following tame U.S. inflation report

  5. Reuters reported platinum surged while palladium lagged, and said palladium’s performance is constrained by a narrow demand profile compared with platinum.

    SourcesReuters: Platinum surges, palladium lags on narrow demand profile

  6. Kitco News cited TD Securities’ Ghali saying silver may see periodic “mini-squeeze” events tied to a London–New York imbalance, and said silver could reach $40 this year (a bank view, not a guarantee).

    SourcesKitco News: Silver will see ‘mini-squeeze events’ to address London-New York imbalance, price could hit $40 this year – TD Securities’ Ghali

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 $3,329.70 −0.24%

Central-bank demand was a major theme. Kitco News, citing the ECB, said gold has surpassed the euro as the second-largest reserve asset and that central-bank buying could affect future supply and prices; Reuters and Kitco also tied intraday strength to a cooler U.S. CPI and firmer rate-cut expectations.

Gold headlines

Silver $36.20 −1.52%

Kitco News highlighted TD Securities’ view that silver may see occasional “mini-squeeze” events linked to a London–New York imbalance, with TD discussing $40 this year as a possibility. Other coverage in today’s set was lighter on fresh silver-specific fundamentals.

Silver headlines

Platinum $1,269.00 +4.19%

Reuters framed platinum’s outperformance versus palladium around differing demand profiles, noting platinum’s surge while palladium lagged. Some broader coverage also pointed to platinum strength ahead of U.S.-China trade developments in earlier reporting that referenced Reuters.

Platinum headlines

Palladium $1,072.00 +0.94%

Reuters said palladium lagged and linked that to a narrow demand profile, which can limit upside when compared with platinum’s demand base.

Palladium headlines

The day’s reports

35 reports, most important first, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold is now the world’s second-largest reserve asset — but central bank appetite.. Gold has become the world’s second-largest reserve asset as central bank buying remains strong.
  2. 12:09 PM Kitco News · 12:09 PM Gold passes euro as second-largest reserve asset, central bank demand likely to impact future supply, prices – ECB The ECB says gold has passed the euro as the second-largest reserve asset and central bank demand could affect future supply and prices.
  3. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Advances on Fed Rate-Cut Bets and Middle East Tensions Gold advanced on Fed rate-cut bets and Middle East tensions.
  4. 4:29 PM Kitco News · 4:29 PM▲ Reports a rise Silver will see ‘mini-squeeze events’ to address London-New York imbalance, price could hit $40 this year – TD Securities’ Ghali TD Securities' Ghali said silver may see mini-squeeze events and could reach $40 this year.
  5. 8:55 AM Reuters · 8:55 AM Traders add to bets on September start to Fed rate cuts Traders increased bets on a September start to Fed rate cuts.
  6. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Gold shoots to session high as U.S. CPI cools more than expected in May Gold hits a session high after U.S. CPI came in cooler than expected in May.
  7. 8:00 PM Earlier news service · 8:00 PM UBS: Gold will Break a New All- Time High UBS says gold will break to a new all-time high.
  8. 8:00 PM Earlier news service · 8:00 PM UMICORE : PRECIOUS METALS REPORT Umicore has released its precious metals report.
  9. 8:00 PM Earlier news service · 8:00 PM PAUL TUDOR JONES : Bitcoin, Gold, Stocks Are The Best Portfolio To Fight Inflati.. Paul Tudor Jones says Bitcoin, gold and stocks are the best portfolio to fight inflation.
  10. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Safe haven resurgence with Gold resuming bullish move Gold is resuming a bullish move as safe-haven demand returns.
  11. 8:00 PM Earlier news service · 8:00 PM TETHER Deepens Bitcoin and Gold Strategy with Major Investment in Elemental Altu.. Tether deepened its bitcoin and gold strategy with a major investment in Elemental Altus.
  12. 8:00 PM Earlier news service · 8:00 PM ARGENTINA : Dollar-obsessed Argentines have a newfound love for buying gold Dollar-obsessed Argentines are increasingly buying gold.
  13. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise TD has set a one-month Gold price target of $3,650 TD set a one-month gold price target of $3,650.
  14. 1:29 PM The Economic Times · 1:29 PM Why China’s going all in on gold and India isn’t, says Financial adviser An article says China is going all in on gold while India is not.
  15. 1:18 PM Reuters · 1:18 PM Gold holds gains after cooler-than-expected US inflation data Gold holds gains after cooler-than-expected U.S. inflation data.
  16. 1:12 PM Reuters · 1:12 PM Platinum surges, palladium lags on narrow demand profile Platinum surged while palladium lagged due to a narrow demand profile.
  17. 12:35 PM Kitco News · 12:35 PM▲ Reports a rise Gold modestly up following tame U.S. inflation report Gold edges up after a tame U.S. inflation report.
  18. 11:55 AM Kitco News · 11:55 AM▲ Reports a rise Silver breaks key resistance, miners outperform; junior expert eyes $50 target Silver breaks key resistance as miners outperform and a junior expert eyes a $50 target.
  19. 10:24 AM Reuters · 10:24 AM Trump says Fed should lower rates by 'one full point' Trump said the Fed should lower interest rates by one full point.
  20. 10:10 AM Reuters · 10:10 AM Hopes for Fed rate cuts keep US Treasury yield views low ahead of supply deluge: Reuters poll A Reuters poll says hopes for Fed rate cuts are keeping Treasury yield views low ahead of a supply deluge.
  21. 9:58 AM Reuters · 9:58 AM Gold holds gains after cooler-than-expected inflation data Gold holds gains after cooler-than-expected inflation data.
  22. 8:43 AM Kitco News · 8:43 AM▲ Reports a rise Gold price higher following tame U.S. inflation data Gold prices move higher after tame U.S. inflation data.
  23. 8:00 PM Earlier news service · 8:00 PM INVESCO : What’s driving the gold price? … and other important questions Invesco discusses what is driving the gold price.
  24. 8:00 PM Earlier news service · 8:00 PM ABAXX Introduces Smarter Markets for Precious Metals with the Launch of its Gold.. ABAXX launched smarter markets for precious metals with a new gold product.
  25. 8:00 PM Earlier news service · 8:00 PM Gold’s strength should worry the FED An article says gold's strength should worry the Fed.
  26. 8:00 PM Earlier news service · 8:00 PM MKS PAMP Unveils the Making of the 100 Years 100-Franc Vreneli Gold Coin in Coll.. MKS PAMP unveiled the making of its 100 Years 100-Franc Vreneli gold coin in collaboration.
  27. 8:00 PM Earlier news service · 8:00 PM UBS refreshes its silver prices outlook for 2025 UBS refreshed its silver price outlook for 2025.
  28. 8:00 PM Earlier news service · 8:00 PM ANZ Forecasts Stable Gold As Trade Tensions Influence Prices ANZ forecast stable gold prices as trade tensions influence the market.
  29. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Collaboration with community a must for Gold industry The World Gold Council said collaboration with communities is essential for the gold industry.
  30. 8:00 PM Earlier news service · 8:00 PM SINGAPORE's Straits Financial Taps FX Trading Tech Provider Integral for Gold Tr.. Straits Financial is using Integral’s FX trading technology for gold trading.
  31. 8:00 PM Earlier news service · 8:00 PM ROTBART on Gold’s Enduring Value: A Physical Approach to Wealth Preservation The article argues for a physical approach to gold as a way to preserve wealth.
  32. 2:06 PM humbledollar.com · 2:06 PM Commodities versus Gold An article compares commodities and gold as inflation hedges and asks which works better.
  33. 12:55 PM Kitco News · 12:55 PM▲ Reports a rise Aussie gold producers taking advantage of higher gold prices - Surbiton Associates A report says Australian gold producers are benefiting from higher gold prices.
  34. 7:54 AM Kitco News · 7:54 AM Gold market analysis for June 11 - key intra-day price entry levels for active traders Kitco News provides gold market analysis and intraday price entry levels for June 11.
  35. 6:15 AM Seeking Alpha · 6:15 AM▲ Reports a rise Commodity Roundup: Gold, crude oil rebound on U.S.-China concerns (IAU:NYSEARCA) Seeking Alpha says gold and crude oil rebounded on renewed U.S.-China trade concerns.

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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