• 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 24, 2025

Gold slid to $3,302.50 as ceasefire cooled safe-haven demand; platinum stayed firm

Gold fell 2.31% to $3,302.50/oz as reports tied the drop to reduced safe-haven buying after an Israel-Iran ceasefire. Silver was little changed at $36.07/oz, while platinum and palladium added to strong 30-day gains despite the risk-on tone.

AI summaryWritten automatically with AI from 18 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 24, 2025

Gold $3,302.50 −2.31% 30d −1.2% Silver $36.07 −0.18% 30d +9.0% Platinum $1,304.00 +0.69% 30d +20.3% Palladium $1,071.00 +0.19% 30d +8.0%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold hit a two-week low as an Israel-Iran ceasefire reduced safe-haven demand; Kitco also said risk appetite returned as Middle East tensions eased.

    SourcesReuters: Gold falls to two-week low as Israel-Iran ceasefire erodes safe-haven demandKitco News: Gold, silver down as risk appetite returns amid Mid-East de-escalation

  2. Kitco said gold was “testing support just above $3,300” as Powell reiterated a neutral Fed stance, framing today’s move as both macro-driven and technical (chart-driven).

    SourcesKitco News: Gold price testing support just above $3,300 as Powell reiterates Fed's neutral stance

  3. Reuters reported Kansas City Fed President Schmid said there is time to study tariff effects before cutting rates, reinforcing the idea that the Fed is not in a hurry to ease.

    SourcesReuters: Fed's Schmid says there is time to study tariff effects before rate cuts ...

  4. Reuters reported central banks are looking at gold, the euro and the yuan as dollar dominance wanes; Kitco/OMFIF also described gold as the most in-demand safe-haven among central banks.

    SourcesReuters: Central banks eye gold, euro and yuan as dollar dominance wanesKitco News: Gold is the most in-demand safe-haven asset among central banks - OMFIF

  5. Separate reports highlighted official-sector and market-structure support: Poland’s central bank gold reserves reached 516 tonnes, and China plans to list gold contracts in Hong Kong.

    SourcesEarlier news service: POLISH CENTRAL BANK's gold reserves reach 516 tonnes2: CHINA to list gold contracts in HONG KONG

  6. On other precious metals, Bloomberg noted more jewelry retailers in China are turning to platinum products as gold prices rise, a demand tailwind cited for platinum.

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

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 $3,302.50 −2.31%

Reuters and Kitco tied gold’s drop to diminished safe-haven demand after Israel-Iran de-escalation. Several reports still emphasized longer-run support from central-bank interest in gold as a reserve and safe-haven asset.

Gold headlines

Silver $36.07 −0.18%

Kitco said silver fell alongside gold as risk appetite returned amid Middle East de-escalation. Beyond that, today’s reports were light on silver-specific fundamentals.

Silver headlines

Platinum $1,304.00 +0.69%

Bloomberg said some jewelry retailers in China are shifting toward platinum products as gold prices rise, supporting the platinum narrative in today’s coverage.

Platinum headlines

Palladium $1,071.00 +0.19%

Today’s reports did not add palladium-specific drivers; coverage was thin.

Palladium headlines

The day’s reports

36 reports, most important first, New York time.

  1. 8:16 PM Reuters · 8:16 PM Fed's Schmid says there is time to study tariff effects before rate cuts ... Fed's Schmid says there is time to study tariff effects before cutting rates.
  2. 8:00 PM Earlier news service · 8:00 PM POLISH CENTRAL BANK's gold reserves reach 516 tonnes Poland's central bank gold reserves have reached 516 tonnes.
  3. 8:00 PM Earlier news service · 8:00 PM GERMANY, ITALY Face Pressure to Repatriate US$245 Billion in Gold as Trust in US.. Germany and Italy face pressure to repatriate $245 billion in gold amid concerns over trust in the U.S.
  4. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise PLATINUM hits ten-year high Platinum hits a ten-year high.
  5. 8:00 PM Earlier news service · 8:00 PM CHINA plans to boost gold resources and production by 2027 China plans to boost gold resources and production by 2027.
  6. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UAE Central Bank gold reserves hit $7.46bn in Q1 2025 The UAE Central Bank’s gold reserves reached $7.46 billion in the first quarter of 2025.
  7. 8:00 PM Earlier news service · 8:00 PM CHINA to list gold contracts in HONG KONG China plans to list gold contracts in Hong Kong.
  8. 8:00 PM Earlier news service · 8:00 PM OMFIF : CENTRAL BANKS turn to gold over the dollar OMFIF says central banks are turning to gold over the dollar.
  9. 2:25 PM Kitco News · 2:25 PM Gold is the most in-demand safe-haven asset among central banks - OMFIF OMFIF says gold is the most in-demand safe-haven asset among central banks.
  10. 11:31 AM Reuters · 11:31 AM Central banks eye gold, euro and yuan as dollar dominance wanes Reuters says central banks are looking at gold, euro and yuan as dollar dominance weakens.
  11. 9:04 AM Reuters · 9:04 AM From cans to cartons: how Trump's metals duties affect packages on shelves Reuters explains how Trump’s metals duties are affecting packaged goods on store shelves.
  12. 9:00 AM Reuters · 9:00 AM▼ Reports a fall Gold falls to two-week low as Israel-Iran ceasefire erodes safe-haven demand Gold fell to a two-week low as the Israel-Iran ceasefire reduced safe-haven demand.
  13. 8:47 AM Kitco News · 8:47 AM▼ Reports a fall Gold price testing support just above $3,300 as Powell reiterates Fed's neutral stance Gold tested support just above $3,300 as Powell reiterated the Fed's neutral stance.
  14. 8:00 PM Earlier news service · 8:00 PM UGANDA : Gold chase: An investigation into corruption and betrayal in Uganda’s m.. An investigation looks at corruption and betrayal in Uganda's gold mining sector.
  15. 8:00 PM Earlier news service · 8:00 PM ECUADOR : A golden crisis - Illegal mining and gold supply chains in Ecuador An investigation examines illegal mining and gold supply chains in Ecuador.
  16. 8:00 PM Earlier news service · 8:00 PM RUSSIA's Finance Ministry expects MET on gold in 2025 to amount to 105 billion r.. Russia’s Finance Ministry expects its 2025 gold MET revenue to reach 105 billion rubles.
  17. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold price struggles to lure buyers as easing Middle East tensions offsets weake.. Gold prices are struggling as easing Middle East tensions offset weaker support.
  18. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SINGAPORE : Gold draws more Singapore investors as prices climb, access improves Gold is drawing more Singapore investors as prices rise and access improves.
  19. 8:00 PM Earlier news service · 8:00 PM INTERVIEW : LBMA - Ed Blight – CFO of the London Bullion Market Association An interview features LBMA CFO Ed Blight.
  20. 8:00 PM Earlier news service · 8:00 PM CAILEY BARKER : Specialty metals, gold, and the state of the mining sector Cailey Barker discusses specialty metals, gold, and the state of the mining sector.
  21. 8:00 PM Earlier news service · 8:00 PM CHINA to promote high-quality development of gold industry China plans to promote high-quality development of its gold industry.
  22. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Ceasefire or Not – Gold Is Still Declining Gold is still declining despite the ceasefire question.
  23. 1:55 PM Kitco News · 1:55 PM▼ Reports a fall Gold, silver down as risk appetite returns amid Mid-East de-escalation Gold and silver fall as risk appetite returns after de-escalation in the Middle East.
  24. 10:14 AM Kitco News · 10:14 AM▼ Reports a fall Gold remains under pressure as U.S. Consumer Confidence drops in June Gold stays under pressure as U.S. consumer confidence falls in June.
  25. 8:42 AM Kitco News · 8:42 AM▼ Reports a fall Strong price pressure on gold as Middle East tensions ease Kitco said gold faced strong price pressure as Middle East tensions eased.
  26. 8:51 PM FXStreet · 8:51 PM▼ Reports a fall Gold Price Forecast: XAU/USD drifts lower below $3,350 amid de ... Gold price forecast: XAU/USD drifts lower below $3,350 amid de-escalation.
  27. 8:00 PM Earlier news service · 8:00 PM CME GROUP : Four Major Drivers of the Gold-Silver Price Ratio CME Group outlines four major drivers of the gold-silver price ratio.
  28. 8:00 PM Earlier news service · 8:00 PM AURAMET Closes $350 Million Syndicated Revolving Credit Facility to Support Meta.. Auramet closed a $350 million syndicated revolving credit facility to support Meta..
  29. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall How The Hell Is Gold Red During The War? The piece asks why gold is down during the war.
  30. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall ROSS NORMAN : Bombs drop … dollar drops … gold drops (???) Ross Norman comments on gold’s reaction as bombs, the dollar and gold all move lower.
  31. 8:00 PM Earlier news service · 8:00 PM Beyond The Shine: The Enduring Case For Gold In Your Portfolio The article argues for gold’s lasting role in a portfolio.
  32. 8:00 PM Earlier news service · 8:00 PM CHARTS : Gold Remains Trapped in a Sideways Consolidation Gold remains trapped in a sideways consolidation.
  33. 8:00 PM Earlier news service · 8:00 PM Gold's optimal portfolio weight in a higher correlated environment? The piece examines gold's optimal portfolio weight in a more correlated market environment.
  34. 5:34 PM Kitco News · 5:34 PM▲ Reports a rise Silver will surge, gold reserves eclipse Euro, and Wheaton Projects major growth - Smallwood Smallwood says silver will surge, gold reserves could eclipse the euro, and Wheaton projects major growth.
  35. 8:00 AM Kitco News · 8:00 AM Gold market analysis for June 24 - key intra-day price entry levels for active traders Kitco published gold market analysis with key intraday price entry levels.
  36. 8:00 PM Earlier news service · 8:00 PM ABERDEEN : The misconceptions about gold Aberdeen discusses common misconceptions about gold.

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