Daily brief · Thursday, June 26, 2025
Gold flat while white metals jumped; markets focused on dollar and Fed uncertainty
Gold finished nearly unchanged, while silver, platinum, and palladium rallied sharply. Reports tied gold’s push-pull to a weaker U.S. dollar and political/Fed uncertainty on one side, and easing geopolitical risk plus unclear timing of Fed cuts on the other.
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 26, 2025
Tone of the reports: Mixed
What happened
Reuters said gold was steady as investors waited for U.S. inflation data, while tensions in the Middle East appeared to ease.
CNBC also linked softer gold to easing Middle East tensions and uncertainty about when the Fed might cut rates.
SourcesCNBC: Gold slips on easing Mideast tensions, Fed rate cut uncertainty
Reuters noted the U.S. dollar hit a three-year low, alongside record stock levels, as pressure on the Fed narrative built—an important backdrop for dollar-priced metals.
SourcesReuters: Dollar at 3-year low, stocks extend record run as Fed pressures mount
Kitco said gold edged higher with a slumping U.S. dollar index, but also described the market as largely rangebound even after Q1 U.S. GDP was revised to a 0.5% drop.
SourcesKitco News: Gold price slightly up as U.S. dollar index slumps2: Gold prices continue to tread water as Q1 US GDP drops 0.5%
Kitco reported spot gold around $3,322 after U.S. pending home sales rose 1.8% in May, adding to the day’s U.S. data flow for rates expectations.
MINING.COM reported platinum extended its rally for a sixth straight session, keeping attention on the outperformance in the platinum-group complex.
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
A weaker U.S. dollar was described as supportive for gold, with Reuters flagging the dollar at a three-year low and Kitco citing a slumping dollar index.
SourcesReuters: Dollar at 3-year low, stocks extend record run as Fed pressures mountKitco News: Gold price slightly up as U.S. dollar index slumps
Policy and institutional uncertainty around the Fed was cited as supportive: Reuters-linked copy and Economies.com pointed to Trump’s criticism of Powell, and Yahoo Finance said markets were fretting about Fed independence.
SourcesEarlier news service: Gold rises as weaker dollar, Trump's criticism of Powell fuel uncertaintyEconomies.com: Gold keeps recovering as Trump skewers PowellYahoo Finance: No love for the dollar as markets fret about Fed independence
Bank of America said gold saw record first-half inflows and that the second-half policy backdrop looks “less threatening,” a constructive positioning backdrop.
Technical commentary leaned positive: FXStreet and Action Forex described a bullish correction/recovery in gold.
SourcesFXStreet: Gold Price Forecast: XAU/USD is on a bullish correction targeting ...Action Forex: XAU/USD: Extension of Recovery from $3,300 Support Brightens Near-Term Picture
The case for lower prices
Easing Middle East tensions was cited as reducing safe-haven demand for gold.
SourcesReuters: India News | Today's Top Stories | ReutersCNBC: Gold slips on easing Mideast tensions, Fed rate cut uncertainty
CNBC said uncertainty over Fed rate cuts weighed on gold, reinforcing the idea that rates may stay restrictive longer than some expect.
SourcesCNBC: Gold slips on easing Mideast tensions, Fed rate cut uncertainty
An imported report said gold fell after Trump said the U.S. signed a trade truce with China, a risk-on signal that can pull demand away from havens.
SourcesEarlier news service: Gold prices fall as Trump says US has signed trade truce with China
Kitco described gold as “treading water”/rangebound even with notable U.S. macro headlines, suggesting limited follow-through buying at current levels.
SourcesKitco News: Gold prices continue to tread water as Q1 US GDP drops 0.5%
What to watch
- UpcomingU.S. inflation dataReuters and CNBC said traders were waiting on the inflation print, which can shift expectations for Fed policy and the dollar—key drivers for gold.
Metal by metal
The day’s reports
40 reports, most important first, New York time.
- 8:00 PM Reuters · 8:00 PM India News | Today's Top Stories | Reuters Reuters reports gold was steady as investors awaited U.S. inflation data and Mideast tensions eased.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold rises as weaker dollar, Trump's criticism of Powell fuel uncertainty Gold rose as a weaker dollar and Trump’s criticism of Powell fueled uncertainty.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold prices fall as Trump says US has signed trade truce with China Gold prices fell after Trump said the U.S. signed a trade truce with China.
- 8:00 PM Earlier news service · 8:00 PM BANK OF AMERICA : Gold sees record H1 inflows; H2 policy backdrop ’less threaten.. Bank of America says gold saw record first-half inflows and the second-half policy backdrop looks less threatening.
- 9:02 AM Reuters · 9:02 AM▲ Reports a rise Dollar at 3-year low, stocks extend record run as Fed pressures mount The dollar falls to a three-year low as stocks extend record highs and Fed pressure builds.
- 2:24 AM CNBC · 2:24 AM▼ Reports a fall Gold slips on easing Mideast tensions, Fed rate cut uncertainty Gold edges lower as easing Middle East tensions and Fed rate-cut uncertainty weigh on prices.
- 8:00 PM Yahoo Finance · 8:00 PM No love for the dollar as markets fret about Fed independence Markets are losing confidence in the dollar amid concerns about Fed independence.
- 8:00 PM Economies.com · 8:00 PM▲ Reports a rise Gold keeps recovering as Trump skewers Powell Gold kept recovering as Trump criticized Powell.
- 8:00 PM MINING.COM · 8:00 PM▲ Reports a rise Platinum Archives - MINING.COM Platinum extended its rally for a sixth straight session.
- 8:00 PM Earlier news service · 8:00 PM TD SECURITIES : Gold rally has room to run as selling pressure remains low TD Securities says gold's rally has room to run as selling pressure remains low.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold Pulls Back Sharply As Safe Haven Demand Subsides Gold pulled back sharply as safe-haven demand weakened.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise PLATINUM's Biggest Rally In 40 Years: These 6 Mining Stocks Could Be Top Gainers A story on platinum's biggest rally in 40 years and possible mining-stock winners.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall CHINA's total gold imports via Hong Kong fall 1.5% m/m in May China's total gold imports via Hong Kong fell 1.5% month over month in May.
- 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Understanding ASGM: A Vital Segment of the Gold Sector The World Gold Council explains artisanal and small-scale gold mining as a key segment of the gold sector.
- 8:00 PM Earlier news service · 8:00 PM SILVER INSTITUTE : World Silver Survey 2025 (90 Pages) The Silver Institute releases its World Silver Survey 2025.
- 8:00 PM Earlier news service · 8:00 PM INDIA : Life insurers see the shine, seek Irdai nod to invest in gold ETFs Indian life insurers want approval to invest in gold ETFs.
- 8:00 PM Earlier news service · 8:00 PM SOUTH AFRICAN RESERVE BANK’s approach to gold and the dollar The South African Reserve Bank's approach to gold and the dollar is discussed.
- 8:00 PM Earlier news service · 8:00 PM WGC on the warpath to digitise, standardise gold market to enhance trust, transp.. The World Gold Council says it is working to digitise and standardise the gold market to improve trust.
- 11:50 AM Kitco News · 11:50 AM Any Fed rate cuts in 2025 will come from cooling inflation, not weaker employment – Comerica’s Bill Adams Comerica's Bill Adams says any 2025 Fed rate cuts would come from cooling inflation rather than weaker employment.
- 10:00 AM Kitco News · 10:00 AM▲ Reports a rise Spot gold traded at $3,322/oz after U.S. pending home sales surprise with 1.8% rise in May Spot gold traded at $3,322 an ounce after U.S. pending home sales rose 1.8% in May.
- 8:45 AM Kitco News · 8:45 AM▲ Reports a rise Gold price slightly up as U.S. dollar index slumps Gold prices edge higher as the U.S. dollar index weakens.
- 8:32 AM Kitco News · 8:32 AM Gold prices continue to tread water as Q1 US GDP drops 0.5% Gold prices stay rangebound as first-quarter U.S. GDP fell 0.5%.
- 8:30 AM Kitco News · 8:30 AM▼ Reports a fall Gold falls to $3,331/oz after U.S. durable goods surprise with 16.4% rise in May Gold falls to $3,331 an ounce after a surprise 16.4% jump in U.S. durable goods orders.
- 8:30 AM Kitco News · 8:30 AM▼ Reports a fall Gold prices at session lows after U.S. weekly jobless claims fall to 236k Gold prices hit session lows after U.S. weekly jobless claims fell to 236,000.
- 8:00 PM Investing.com · 8:00 PM Silver/Gold Ratio Hints at a Cyclical Commodity Rally—but Is It Just ... An article discusses the silver-gold ratio as a possible sign of a cyclical commodity rally.
- 8:00 PM Fortune · 8:00 PM Personal Finance News, Money Management & Wealth Insights ... Fortune’s personal finance page mentions current gold prices and inflation context.
- 8:00 PM Fortune · 8:00 PM Current price of gold: June 26, 2025 | Fortune Fortune looks at the current price of gold and recent price trends.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise DOMINIC FRISBY : How to play the surge in the silver price Dominic Frisby explains how to play the surge in the silver price.
- 8:00 PM Earlier news service · 8:00 PM REFINING SCRAP : Gold can be more easily extracted from old electronics now than.. The article says gold can now be extracted more easily from old electronics.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD : Slips Below 50-Day MA, Bearish Gold Price Prediction Gold fell below its 50-day moving average, and the article presents a bearish price view.
- 8:00 PM Earlier news service · 8:00 PM CHINA. New Gold and Silver Proof Coins Continues Popular National Treasures Seri.. China is continuing its National Treasures series with new gold and silver proof coins.
- 8:00 PM Earlier news service · 8:00 PM DOLLAR Reversal: What It May Mean For Gold and Bonds The article says a dollar reversal could affect gold and bonds.
- 8:00 PM Earlier news service · 8:00 PM RBC : Gold’s regime change? RBC asks whether gold is undergoing a regime change.
- 8:00 PM Earlier news service · 8:00 PM MAN GROUP : GOLD - THE ROAD AHEAD Man Group publishes a report on gold's outlook.
- 1:08 PM Kitco News · 1:08 PM Gold trades both sides of unchanged as market consolidates Gold traded little changed as the market consolidated.
- 9:05 AM Kitco News · 9:05 AM Gold market analysis for June 26 - key intra-day price entry levels for active traders Kitco gives gold market analysis and key intraday price entry levels for active traders.
- 7:11 AM Action Forex · 7:11 AM▲ Reports a rise XAU/USD: Extension of Recovery from $3,300 Support Brightens Near-Term Picture Gold extends its recovery from $3,300 support, with a bullish near-term outlook.
- 5:26 AM FXStreet · 5:26 AM▲ Reports a rise Gold Price Forecast: XAU/USD is on a bullish correction targeting ... FXStreet says gold is in a bullish correction and may keep rising.
- 8:00 PM Earlier news service · 8:00 PM PRECIOUS METALS CONFERENCES & WEBINARS ... UPDATED A listing of precious metals conferences and webinars is updated.
- 4:00 AM realclearmarkets.com · 4:00 AM A Riddle About Gold An essay compares the supply of gold with its price.
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