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Daily brief · Tuesday, July 8, 2025

Gold steady near $3,314 while silver and PGMs gain; supply headlines out of Mali

Gold finished little changed at $3,314.75/oz, with several reports tying the dip below $3,300 intraday to a firmer U.S. dollar and shifting Federal Reserve rate expectations. Silver, platinum, and palladium all closed higher, while gold-focused news centered on central-bank demand, ETF flows, and Mali’s dispute with Barrick.

AI summaryWritten automatically with AI from 11 linked reports and our own price data, Oct 21, 1:58 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 July 8, 2025

Gold $3,314.75 −0.02% 30d −0.8% Silver $36.78 +1.46% 30d +1.6% Platinum $1,373.00 +1.40% 30d +17.7% Palladium $1,115.00 +1.09% 30d +8.3%

Tone of the reports: Mixed

What happened

  1. Gold ended at $3,314.75/oz (-0.02%), after reports said prices slipped to the lowest in over a week as tariff threats supported the U.S. dollar and as interest-rate forecasts shifted.

    SourcesEarlier news service: Gold slips to lowest in over a week as Trump tariff threats push dollar higher2: Gold Drops Below $3,300 as Fed Rate Forecasts Shift

  2. Kitco said gold’s pullback also reflected “weak long liquidation,” meaning some futures traders reduced bullish positions.

    SourcesKitco News: Gold down on weak long liquidation from futures traders

  3. Kitco reported China’s central bank kept buying gold, but at a slower pace than earlier.

    SourcesKitco News: Despite a slower pace, China’s central bank continues to buy gold

  4. Forbes, citing the World Gold Council, said gold ETF flows turned positive in June, with 75 tonnes added.

    SourcesForbes: Gold ETF Inflows Turn Positive Again In June, Says World Gold Council

  5. Reuters and other reports said Mali plans to sell seized gold and restart operations at a Barrick-linked site without Barrick’s consent, keeping a spotlight on potential supply disruptions and official sales.

    SourcesReuters: Exclusive: Mali plans to sell gold reserves at Barrick complex to fund operationsEarlier news service: MALI to sell over $100 million in seized gold from disputed mining site2: MALI restarts gold operations without BARRICK consent

  6. Kitco reported the Perth Mint saw strong gold and silver sales in FY2025, pointing to continued retail demand for physical metal.

    SourcesKitco News: Perth Mint sees strong gold and silver sales in FY2025

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 $3,314.75 −0.02%

Several reports framed gold’s softness as driven by a stronger dollar amid tariff headlines and by shifting Fed rate expectations, alongside futures-position trimming. At the same time, demand-side items were supportive: Kitco noted continued (slower) buying by China’s central bank, and Forbes cited the World Gold Council’s report that gold ETF flows turned positive in June.

Gold headlines

Silver $36.78 +1.46%

Coverage was limited, but Kitco reported the Perth Mint saw strong silver sales in FY2025, consistent with steady physical demand.

Silver headlines

Platinum $1,373.00 +1.40%

No report focused on platinum.

Platinum headlines

Palladium $1,115.00 +1.09%

No report focused on palladium.

Palladium headlines

The day’s reports

29 reports, most important first, New York time.

  1. 12:40 PM Kitco News · 12:40 PM Despite a slower pace, China’s central bank continues to buy gold China's central bank continued buying gold, though at a slower pace.
  2. 8:00 PM Earlier news service · 8:00 PM MALI restarts gold operations without BARRICK consent Mali has restarted gold operations without Barrick’s consent.
  3. 8:00 PM Earlier news service · 8:00 PM MALI to sell over $100 million in seized gold from disputed mining site Mali plans to sell more than $100 million in seized gold from a disputed mining site.
  4. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold Drops Below $3,300 as Fed Rate Forecasts Shift Gold dropped below $3,300 as Fed rate forecasts shifted.
  5. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold slips to lowest in over a week as Trump tariff threats push dollar higher Gold slipped to its lowest level in more than a week as tariff threats lifted the dollar.
  6. 8:00 PM Earlier news service · 8:00 PM LBMA Precious Metals Market Report: Q2 2025 LBMA released its precious metals market report for the second quarter of 2025.
  7. 10:39 AM Forbes · 10:39 AM▲ Reports a rise Gold ETF Inflows Turn Positive Again In June, Says World Gold Council World Gold Council says gold ETF inflows turned positive in June with 75 tonnes added.
  8. 10:19 AM Reuters · 10:19 AM Exclusive: Mali plans to sell gold reserves at Barrick complex to fund operations Reuters reports Mali plans to sell gold reserves at Barrick's complex to fund operations.
  9. 3:52 AM The Manila Times · 3:52 AM West Red Lake Gold Announces Positive Preliminary Economic Assessment for the Rowan Project, Including Over 35,000 oz. Average Annual Production and 42% After-Tax IRR West Red Lake Gold says its Rowan Project PEA supports over 35,000 ounces of average annual production and a 42% after-tax IRR.
  10. 8:00 PM Earlier news service · 8:00 PM INDIA mutual fund investors chase equities, gold and silver in quest for returns Indian mutual fund investors are buying equities, gold and silver in search of returns.
  11. 8:00 PM Earlier news service · 8:00 PM SOUTH KOREAN Jewelry Brands Pivot To Lower-Karat Gold Amid Rising Prices South Korean jewelry brands are shifting to lower-karat gold as higher prices hit demand.
  12. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold Turns Lower Amid Trump's Aggressive Tariff Push Gold fell as markets reacted to Trump’s aggressive tariff push.
  13. 8:00 PM Earlier news service · 8:00 PM REFINING : Bauer Walser AG acquires the Sonne/Mond Scheideanstalt GmbH of Deguss.. Bauer Walser AG is acquiring Sonne/Mond Scheideanstalt GmbH of Degussa.
  14. 8:00 PM Earlier news service · 8:00 PM FORBES : Why The Case For Gold Bullion Is Strengthening Over ETFs Forbes argues the case for gold bullion is strengthening relative to ETFs.
  15. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise TOKENIZED GOLD breaks $19B in volume, rivaling major gold ETFs Tokenized gold trading volume broke $19 billion, rivaling major gold ETFs.
  16. 8:00 PM Earlier news service · 8:00 PM CHINA’s Mining Giants Accelerate Global Acquisition Spree with Record $21.4bn In.. China's mining giants are accelerating an overseas acquisition spree.
  17. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise TETHER Boosts Gold Reserves by 80 Tons, Valued at $800M, Amid Economic Uncertain.. Tether boosted its gold reserves by 80 tons, valuing the holding at about $800 million.
  18. 8:00 PM Earlier news service · 8:00 PM SAXO BANK : Gold, silver, platinum take a timeout after strong first half Saxo Bank says gold, silver and platinum are pausing after a strong first half.
  19. 8:00 PM Earlier news service · 8:00 PM HSBC : Wealthy Indian investors prefer gold, global markets to cash reserves HSBC says wealthy Indian investors prefer gold over cash reserves.
  20. 1:00 PM Kitco News · 1:00 PM▼ Reports a fall Gold down on weak long liquidation from futures traders Gold fell as futures traders added weak long liquidation.
  21. 12:37 PM Earlier news service · 12:37 PM Gold holds ground as investors assess new US tariff proposals Gold is holding steady as investors assess new U.S. tariff proposals.
  22. 11:34 AM Kitco News · 11:34 AM Perth Mint sees strong gold and silver sales in FY2025 The Perth Mint says gold and silver sales were strong in fiscal 2025.
  23. 9:00 AM Kitco News · 9:00 AM Bob Quartermain’s revival bet: Dakota Gold targets next major U.S. gold mine in South Dakota Dakota Gold is targeting what it sees as the next major U.S. gold mine in South Dakota.
  24. 9:00 AM Kitco News · 9:00 AM▼ Reports a fall Gold price down a bit; bulls need a spark Kitco says gold prices are down slightly and bulls need a catalyst.
  25. 9:00 AM Kitco News · 9:00 AM Gold market analysis for July 8 - key intra-day price entry levels for active traders Kitco shares gold market analysis and key intraday price entry levels for active traders.
  26. 8:00 PM Earlier news service · 8:00 PM Gold doesn’t blink: What trillions in US debt mean for safe-haven assets The article discusses what rising U.S. debt could mean for gold's safe-haven appeal.
  27. 8:00 PM Earlier news service · 8:00 PM Mastering SEASONALITY in Gold: Best Months to Buy and Sell The article examines seasonal patterns in gold buying and selling.
  28. 3:19 PM Kitco News · 3:19 PM▲ Reports a rise Copper prices rocket 11% higher in mad scramble following tariff threat: Is silver next to explode? Copper prices jumped sharply after tariff threats, with the article asking whether silver could follow.
  29. 8:00 PM Earlier news service · 8:00 PM LBMA CONFERENCE : Introducing Our Second Keynote Speaker LBMA Conference introduces its second keynote speaker.

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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