• 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 · Tuesday, June 17, 2025

Gold eased, silver jumped as Fed focus and central-bank demand stories competed

Gold closed at $3,388.45/oz, down 0.27%, as some coverage pointed to profit taking and doubts that the rally can keep running. Silver outperformed at $37.07/oz, up 1.90%, with multiple reports describing momentum and a multi-year/decade high backdrop, while the market kept one eye on the Federal Reserve meeting.

AI summaryWritten automatically with AI from 40 linked reports and our own price data, Oct 21, 1:54 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 17, 2025

Gold $3,388.45 −0.27% 30d +6.5% Silver $37.07 +1.90% 30d +15.3% Platinum $1,267.00 +0.08% 30d +28.5% Palladium $1,045.00 −0.67% 30d +8.4%

Tone of the reports: Mixed

What happened

  1. Gold slipped modestly on the day as several outlets framed the move as profit taking and a pause ahead of the Federal Reserve decision, even with Middle East headlines still supporting safe-haven demand in the background.

    SourcesKitco News: Profit taking pressures gold; silver soars to 13-year highReuters: Gold firms on Middle East tensions; all eyes on Fed meetingInvesting.com: Gold prices steady as Israel-Iran conflict rages on; Fed awaited By ...Economies.com: Gold backs off two-month high before Fed's policy meeting

  2. Central-bank gold buying remained a dominant theme: multiple reports said reserve managers expect to add gold and reduce U.S. dollar holdings over the next 12 months and beyond, supporting baseline demand.

    SourcesKitco News: Central banks will continue to buy gold and diversify away from the US dollar in the next 12 months - World Gold Council 2025 surveyForbes: Central Banks’ Gold Holdings Tipped To Rise, Says World Gold CouncilThe Economic Times: Central banks set to boost gold holdings amid economic and geopolitical uncertainty: World Gold CouncilBusinessLine: Central banks likely to continue buying gold next 12 months across the world, says WGC survey+3

  3. Some banks and strategists turned more cautious: Bloomberg and Yahoo Finance summaries of Citigroup views said gold’s rally may be nearing an end as demand softens and the market looks toward Fed cuts.

    SourcesBloomberg: Stocks Struggle on Cusp of Record as Risks Mount - BloombergYahoo Finance: Citi Calls Time on Gold's Rally on Slumping Demand, Fed Cuts2: Citi trims gold prices target as markets digest U.S. tariffs and ...

  4. Silver strength stood out: Kitco said gold faced profit taking while silver surged to a 13-year high, consistent with silver’s outsized move versus gold (gold/silver ratio 91.4).

    SourcesKitco News: Profit taking pressures gold; silver soars to 13-year high

  5. Supply-and-politics stories stayed active in producer countries: Reuters reported Mali started construction of a Russia-backed gold refinery, and Yahoo Finance reported Barrick is in arbitration tied to court action involving its Loulo-Gounkoto complex.

    SourcesReuters: Mali starts construction of Russia-backed gold refineryEarlier news service: MALI begins building Russian-backed gold refineryYahoo Finance: Barrick engaged in arbitration as Malian gold complex placed under ...

  6. China demand signals were mixed-to-soft: Kitco cited the World Gold Council saying China’s gold market cooled in May and consumer demand is likely to remain weak.

    SourcesKitco News: China’s gold market cools in May, consumer demand likely to remain weak – World Gold Council

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

  • UpcomingFederal Reserve meetingMultiple reports said markets were watching the Fed decision as a key driver for rate expectations, which can influence non-yielding metals like gold and silver through dollar and real-rate moves.

Metal by metal

Gold $3,388.45 −0.27%

Reports split between support from geopolitical risk and persistent central-bank buying versus signs of fatigue. Reuters linked firmness to Middle East tensions while markets watched the Fed, but Citi commentary in multiple outlets argued the rally may be nearing an end as demand weakens; Kitco also described profit taking pressure.

Gold headlines

Silver $37.07 +1.90%

Silver was widely framed as the day’s standout. Kitco said silver surged to a 13-year high while gold saw profit taking, and Citi commentary carried by Yahoo Finance said the precious-metals rally is broadening beyond gold into silver.

Silver headlines

Platinum $1,267.00 +0.08%

Coverage was lighter than for gold and silver, but Citi commentary carried by Yahoo Finance said the rally is broadening into platinum as well.

Platinum headlines

Palladium $1,045.00 −0.67%

Coverage was thin beyond Kitco’s technical charts item.

Palladium headlines

The day’s reports

The 40 most important of 51 reports, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM Central banks plan to boost gold reserves and trim dollar holdings Central banks plan to boost gold reserves and reduce dollar holdings.
  2. 8:00 PM Fortune · 8:00 PM Central banks expect to swap out more of their U.S. dollar reserves ... Central banks expect to shift more reserves out of U.S. dollars, a trend that supports gold demand.
  3. 8:00 PM Bloomberg · 8:00 PM Stocks Struggle on Cusp of Record as Risks Mount - Bloomberg Bloomberg says Citigroup analysts think gold's rally may be nearing an end.
  4. 8:00 PM Yahoo Finance · 8:00 PM Barrick engaged in arbitration as Malian gold complex placed under ... Barrick is in arbitration as a Malian judge orders action involving its Loulo-Gounkoto gold complex.
  5. 8:00 PM Investing.com · 8:00 PM Gold Overtakes Euro in Reserves as Central Banks' Demand Stays ... Gold has overtaken the euro in reserves as central-bank demand remains strong.
  6. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Central Bank Gold Reserves Survey 2025 The World Gold Council releases its Central Bank Gold Reserves Survey 2025.
  7. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SILVER Jumps to $37, Longest Split from Gold Price Since 1999 Silver jumps to $37, widening its split from gold to the longest since 1999.
  8. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise BANK OF AMERICA : Gold to Hit $4,000 Despite Delayed Fed Cuts, Silver Eyes $40 T.. Bank of America sees gold reaching $4,000 despite delayed Fed cuts and silver rising toward $40.
  9. 8:00 PM Earlier news service · 8:00 PM MALI begins building Russian-backed gold refinery Mali begins building a Russian-backed gold refinery.
  10. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CENTRAL BANKS forecast more gold purchases, fewer US dollar reserves in years ah.. Central banks are forecast to buy more gold and hold fewer U.S. dollar reserves in coming years.
  11. 3:43 PM Reuters · 3:43 PM Mali starts construction of Russia-backed gold refinery Mali starts construction of a Russia-backed gold refinery.
  12. 12:45 PM Kitco News · 12:45 PM Profit taking pressures gold; silver soars to 13-year high Gold came under profit-taking pressure while silver surged to a 13-year high.
  13. 11:45 AM Kitco News · 11:45 AM Central banks will continue to buy gold and diversify away from the US dollar in the next 12 months - World Gold Council 2025 survey A World Gold Council survey says central banks will keep buying gold and diversifying away from the U.S. dollar over the next 12 months.
  14. 10:21 AM Reuters · 10:21 AM▲ Reports a rise Gold firms on Middle East tensions; all eyes on Fed meeting Gold firmed on Middle East tensions as investors watched the Federal Reserve meeting.
  15. 8:13 AM Yahoo Finance · 8:13 AM▼ Reports a fall Citi trims gold prices target as markets digest U.S. tariffs and ... Citi lowers its gold price targets and says the precious metals rally is broadening to silver and platinum.
  16. 8:13 AM Earlier news service · 8:13 AM▲ Reports a rise Central banks favour gold over dollar for reserves, WGC survey World Gold Council survey says central banks favor gold over the dollar for reserves.
  17. 8:13 AM Earlier news service · 8:13 AM▲ Reports a rise Gold rises as Israel-Iran fighting, Trump's evacuation call spark demand Gold rises as fighting between Israel and Iran and Trump's evacuation call boost safe-haven demand.
  18. 7:04 AM Forbes · 7:04 AM▲ Reports a rise Central Banks’ Gold Holdings Tipped To Rise, Says World Gold Council World Gold Council says central banks expect gold to make up a larger share of their reserves over the next five years.
  19. 6:18 AM The Economic Times · 6:18 AM Central banks set to boost gold holdings amid economic and geopolitical uncertainty: World Gold Council World Gold Council survey says central banks expect to increase gold reserves amid economic and geopolitical uncertainty.
  20. 3:23 AM BusinessLine · 3:23 AM Central banks likely to continue buying gold next 12 months across the world, says WGC survey World Gold Council survey says central banks worldwide expect to keep buying gold over the next 12 months.
  21. 8:00 PM Investing.com · 8:00 PM Perpetua Resources Corp Share Price | TSX PPTA Stock - Investing ... Perpetua Resources has applied to the U.S. Export-Import Bank to finance its Stibnite Gold Project.
  22. 8:00 PM MINING.COM · 8:00 PM Lithium startup eyes US battery plant to skirt Trump tariffs - MINING ... Mining.com notes Borealis gold output has resumed.
  23. 8:00 PM Kitco News · 8:00 PM Tuesday's charts for gold, silver, platinum and palladium, June 17 ... Kitco posts Tuesday charts for gold, silver, platinum, and palladium.
  24. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall CITI sees gold price falling below $3,000 as rally fades Citi expects gold to fall below $3,000 as the rally fades.
  25. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall CITI : Gold expected to fall below $3K by early next year Citi expects gold to fall below $3,000 by early next year.
  26. 8:00 PM Earlier news service · 8:00 PM Are INDIANS buying less gold as yellow metal prices hit record high? A report asks whether Indians are buying less gold as prices hit record highs.
  27. 3:34 PM Reuters · 3:34 PM Hindustan Zinc approves $1.39 billion project Hindustan Zinc approves a $1.39 billion project.
  28. 1:16 PM Kitco News · 1:16 PM▼ Reports a fall China’s gold market cools in May, consumer demand likely to remain weak – World Gold Council The World Gold Council said China’s gold market cooled in May and consumer demand is likely to stay weak.
  29. 9:45 AM GuruFocus · 9:45 AM Forge Resources Announces Visible Gold and Continued Porphyry Mineralization at Alotta Project, Yukon | FRGGF Stock News Forge Resources reported visible gold and continued porphyry mineralization at its Alotta project in Yukon.
  30. 8:30 AM Kitco News · 8:30 AM Gold prices treading water as U.S. retail sales fall 0.9% in May Kitco says gold prices are treading water after U.S. retail sales fell 0.9% in May.
  31. 8:13 AM Investing.com · 8:13 AM Gold prices steady below $3,400/oz after Trump Tehran threat ... Gold prices are steady below $3,400 an ounce after Trump's Tehran threat and shifting risk sentiment.
  32. 8:13 AM Yahoo Finance · 8:13 AM Citi Calls Time on Gold's Rally on Slumping Demand, Fed Cuts Citi says gold's rally may be ending as demand weakens and Fed cuts come into view.
  33. 8:13 AM Economies.com · 8:13 AM▼ Reports a fall Gold backs off two-month high before Fed's policy meeting Gold backs off its two-month high before the Federal Reserve's policy meeting.
  34. 8:13 AM Earlier news service · 8:13 AM Citi sees gold below $3,000 after Q3 2025 on weak demand, growth optimism Citi sees gold falling below $3,000 after Q3 2025 on weak demand and growth optimism.
  35. 7:07 AM Reuters · 7:07 AM▼ Reports a fall AMERICAS Oil contained as Mideast war rages | Reuters Reuters says gold slipped back to Thursday's levels as markets watch the Mideast war and other economic data.
  36. 6:43 AM Action Forex · 6:43 AM▼ Reports a fall XAU/USD: Gold Remains at the Back Foot But Still Above Key Supports Gold trades near a narrow range after a nearly 2% drop and a close below the $3400 support level.
  37. 4:58 AM FXStreet · 4:58 AM▲ Reports a rise Gold moves higher – ING ING says gold moved higher as exchange-traded funds added more gold holdings.
  38. 12:14 AM FXStreet · 12:14 AM Gold struggles to gain any meaningful traction; remains on the ... Gold struggles to gain traction ahead of the FOMC decision.
  39. 10:00 PM Action Forex · 10:00 PM Gold (XAU/USD) Market Outlook: Central Bank Demand and Price Correction, $3350/oz Incoming? Action Forex says gold is struggling to hold above $3,400 and discusses a possible drop toward $3,350.
  40. 8:00 PM Earlier news service · 8:00 PM UBS: Outlook suggests more balanced risk-reward for commodities UBS says the outlook suggests a more balanced risk-reward for commodities.

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