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Daily brief · Monday, June 23, 2025

Gold ends slightly higher near records; platinum and palladium jump on strong month-long run

Gold finished up at $3,380.55/oz after a day of mixed pushes and pulls: Middle East tension supported haven buying, while a firmer dollar and talk of a ceasefire capped gains, according to Reuters, Bloomberg, and MINING.COM. Platinum and palladium outperformed, with Kitco and Bloomberg pointing to growing interest in platinum as high gold prices reshape jewelry and investment demand.

AI summaryWritten automatically with AI from 21 linked reports and our own price data, Oct 21, 1:55 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 23, 2025

Gold $3,380.55 +0.37% 30d +1.1% Silver $36.13 +0.00% 30d +9.2% Platinum $1,295.00 +2.45% 30d +19.5% Palladium $1,069.00 +2.30% 30d +7.8%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold ticked higher as Iran-Israel tensions supported demand, even as dollar strength worked the other way.

    SourcesReuters: Gold inches higher as Iran-Israel tensions offset dollar strength

  2. Bloomberg reported gold edged lower in Asia despite the conflict worsening, highlighting how prices can stall near record highs when markets are already heavily positioned for risk.

    SourcesBloomberg: Gold Edges Lower in Asia Even After Middle East Conflict Worsens ...

  3. MINING.COM reported gold retreated after Trump said Israel and Iran agreed to a ceasefire, with fading haven demand weighing on prices.

    SourcesMINING.COM: Gold falls as haven demand ebbs after Trump announces ceasefire ...

  4. Kitco News, citing Heraeus, said a hawkish Fed and weaker safe-haven bid have been sapping gold interest while investment demand has been stronger in silver and platinum.

    SourcesKitco News: Silver and platinum investment surges as hawkish Fed, flagging safe haven bid saps gold – Heraeus

  5. Bloomberg said more jewelry retailers in China are turning to platinum products as gold prices rise, a substitution trend that can shift buying toward platinum.

    SourcesBloomberg: China Expands Its Coal Exports and Shrinks Imports Due to Glut ...

  6. The Economic Times reported the World Gold Council expects gold demand to recover by mid-August as the festive season approaches, despite high prices.

    SourcesThe Economic Times: World Gold Council Anticipates Recovery in Gold Demand by Mid-August, ET Retail2: Gold demand seen recovering by mid-August despite high prices, says 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

  • Mid-AugustGold demand recovery windowThe Economic Times said the World Gold Council expects demand to recover by mid-August as the festive season approaches, which could affect physical buying flows and premiums in key markets (as cited).
  • Year-endPeru informal mining permits extendedMINING.COM reported Peru extended temporary permits for informal mining until year-end, a policy shift that can affect how much supply moves through the local mining pipeline.

Metal by metal

Gold $3,380.55 +0.37%

Reports were split intraday: Reuters tied support to Middle East tension despite a stronger dollar, while Bloomberg described early softness in Asia near record highs. Other coverage noted a possible ceasefire reducing haven demand and, separately, that some analysts want investors to treat gold more as a portfolio diversifier than a day-to-day geopolitical hedge.

Gold headlines

Silver $36.13 +0.00%

Kitco News (Heraeus) said investment interest has been surging in silver, even as a hawkish Fed backdrop has taken some shine off gold.

Silver headlines

Platinum $1,295.00 +2.45%

Kitco News (Heraeus) said investment is surging in platinum. Bloomberg added that high gold prices are pushing more jewelry retailers in China toward platinum products.

Platinum headlines

Palladium $1,069.00 +2.30%

Coverage was thin in today’s reports; no clear palladium-specific driver was highlighted.

Palladium headlines

The day’s reports

25 reports, most important first, New York time.

  1. 10:05 PM Earlier news service · 10:05 PM▲ Reports a rise Gold Price Hits New Record, Breaking US$3,100 for First Time | Nasdaq Gold hit a new record above US$3,100 for the first time.
  2. 10:05 PM MINING.COM · 10:05 PM Peru extends temporary permits for informal mining until year-end ... Peru extended temporary permits for informal mining until year-end.
  3. 10:05 PM MINING.COM · 10:05 PM▼ Reports a fall Gold falls as haven demand ebbs after Trump announces ceasefire ... Gold retreats as haven demand fades after Trump says Israel and Iran agreed to a ceasefire.
  4. 12:57 PM Kitco News · 12:57 PM Silver and platinum investment surges as hawkish Fed, flagging safe haven bid saps gold – Heraeus Heraeus says silver and platinum investment is surging while a hawkish Fed and weaker haven demand weigh on gold.
  5. 8:26 AM Bloomberg · 8:26 AM▼ Reports a fall Gold Edges Lower in Asia Even After Middle East Conflict Worsens ... Gold edges lower in Asia even as conflict in the Middle East worsens and prices remain near record highs.
  6. 3:43 AM The Economic Times · 3:43 AM World Gold Council Anticipates Recovery in Gold Demand by Mid-August, ET Retail The World Gold Council says gold demand may recover by mid-August as the festive season approaches.
  7. 1:55 AM The Economic Times · 1:55 AM Gold demand seen recovering by mid-August despite high prices, says World Gold Council The World Gold Council expects gold demand to recover by mid-August despite high prices.
  8. 10:05 PM Kitco News · 10:05 PM▲ Reports a rise Gold, silver gain on safe-have bids, technical buying | Kitco News Gold and silver gained on safe-haven buying and technical buying.
  9. 10:05 PM Bloomberg · 10:05 PM▲ Reports a rise China Expands Its Coal Exports and Shrinks Imports Due to Glut ... Bloomberg says more jewelry retailers in China are turning to platinum products as gold prices rise.
  10. 10:05 PM Earlier news service · 10:05 PM▲ Reports a rise Gold set to rally further this year, say Wall Street banks Wall Street banks expect gold to keep rallying this year.
  11. 11:31 AM Reuters · 11:31 AM▲ Reports a rise Gold inches higher as Iran-Israel tensions offset dollar strength Gold inches higher as Iran-Israel tensions outweigh dollar strength.
  12. 8:26 AM Investing.com · 8:26 AM▼ Reports a fall Gold prices dip after US-Iran attack as haven buyers prefer dollar By ... Gold prices dip after the U.S.-Iran attack as investors prefer the dollar despite inflation concerns from higher oil prices.
  13. 8:26 AM Earlier news service · 8:26 AM▼ Reports a fall Gold slips as dollar firms, markets await Iran response Gold falls as a firmer dollar and waiting for Iran’s response weigh on prices.
  14. 8:16 AM Kitco News · 8:16 AM▲ Reports a rise Gold price modestly up; muted reaction to U.S. strikes on Iran Gold is modestly higher as markets react mildly to U.S. strikes on Iran.
  15. 10:05 PM Yahoo Finance · 10:05 PM▲ Reports a rise Should You Buy Gold After Its 60% Increase in Value? Here's What ... Yahoo Finance asks whether investors should buy gold after its 60% rise.
  16. 10:05 PM Earlier news service · 10:05 PM▲ Reports a rise Gold could extend record run into 2025, Heraeus says Heraeus said gold could extend its record run into 2025.
  17. 3:32 PM Kitco News · 3:32 PM Investors should see gold as a diversification tool and not a hedge against geopolitical risk events - UBS UBS says investors should view gold as a diversification tool rather than a hedge against geopolitical risk events.
  18. 10:00 AM Kitco News · 10:00 AM▼ Reports a fall Spot gold off session high at $3,372/oz after U.S. existing-home sales rise 0.8% in May Spot gold eases from its session high after U.S. existing-home sales rose 0.8% in May.
  19. 9:56 AM Kitco News · 9:56 AM▲ Reports a rise Gold prices crawling above neutral levels following quiet PMI data Gold prices edge up slightly above neutral levels after quiet PMI data.
  20. 8:26 AM MINING.COM · 8:26 AM As gold prices surge, West Africa mine operators launch drones to ... MINING.COM reports that West Africa mine operators are using drones to find wildcat miners amid surging gold prices.
  21. 8:26 AM MINING.COM · 8:26 AM Top Companies Archives - MINING.COM MINING.COM says West Africa mine operators are using drones to detect wildcat miners as gold prices surge.
  22. 7:57 AM Kitco News · 7:57 AM Gold market analysis for June 23 - key intra-day price entry levels for active traders Kitco News outlines intra-day gold price entry levels for active traders ahead of June 23 trading.
  23. 4:16 AM Investing.com · 4:16 AM▼ Reports a fall Gold: Technical Setup Points to More Downside Despite Geopolitical Support An Investing.com analysis says gold may face more downside despite geopolitical support.
  24. 10:05 PM Investing.com · 10:05 PM Golden Cross Resources (TSX-V:AUX): Tapping into Australia's ... Investing.com profiles Golden Cross Resources and its gold exploration activity in Australia.
  25. 1:59 PM Kitco News · 1:59 PM The last time oil was this cheap relative to gold was when prices were negative - Felder Report Kitco News notes oil was last this cheap relative to gold when prices were negative.

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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