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Daily brief · Monday, July 28, 2025

Gold and silver slipped on risk-on mood and a stronger dollar; PGMs firmed

Gold closed at $3,305.25 an ounce (-1.14%) and silver at $38.13 (-1.57%) as several outlets tied the pullback to improved risk appetite after the U.S.-EU tariff deal and to a stronger U.S. dollar. Platinum and palladium rose, while market attention shifted to the Federal Reserve’s next decision.

AI summaryWritten automatically with AI from 23 linked reports and our own price data, Oct 21, 2:01 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 28, 2025

Gold $3,305.25 −1.14% 30d +1.0% Silver $38.13 −1.57% 30d +6.0% Platinum $1,406.00 +1.44% 30d +5.5% Palladium $1,245.00 +1.55% 30d +11.3%

Tone of the reports: Mixed

What happened

  1. Gold eased after reports said the U.S.-EU tariff deal improved risk sentiment (less need for safe-haven buying) and put the focus on the Fed.

    SourcesReuters: Gold subdued by risk-on mood after US-EU tariff deal; focus on FedInvesting.com: EUR/USD Rises, Gold Sinks as Telegraphed Trade Deal Confirmed ...2: Gold Holds Steady Amid US-EU Trade Deal and Fed Meeting AnticipationYahoo Finance: Gold falls to near two-week low after US, EU agree to tariff deal2: Gold price today, Monday, July 28, 2025: Gold stalls with progress on trade deals

  2. Kitco News said gold sold off as the U.S. dollar posted sharp gains; Kitco also framed the earlier tone as risk aversion receding.

    SourcesKitco News: Gold sells off as greenback sees sharp gains2: Gold price near steady as risk aversion recedes

  3. Reuters reported the Fed is expected to keep rates unchanged while it reviews mixed economic data; multiple outlets said traders were positioning ahead of the Fed meeting.

    SourcesReuters: Fed expected to keep rates unchanged as it sifts through mixed economic data2: Gold subdued by risk-on mood after US-EU tariff deal; focus on FedInvesting.com: Gold Holds Steady Amid US-EU Trade Deal and Fed Meeting Anticipation

  4. A Reuters poll said gold is expected to stay above $3,000/oz, citing continued flight-to-safety demand.

    SourcesReuters: Gold price to stay above $3,000/oz as flight to safety endures: Reuters poll

  5. Reuters reported China’s net gold imports via Hong Kong fell 60% in June from May.

    SourcesReuters: China's net gold imports via Hong Kong in June fall 60% from May

  6. Commerzbank raised price forecasts for silver, platinum, and palladium, according to an imported note.

    SourcesEarlier news service: COMMERZBANK : Upward revision of price forecasts for Silver, Platinum, and Palla..

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 rate decisionReuters said the Fed is expected to keep rates unchanged while it assesses mixed data; several reports said traders are focused on the meeting, because interest-rate expectations and the dollar can sway gold demand.

Metal by metal

Gold $3,305.25 −1.14%

Coverage centered on weaker safe-haven demand after the U.S.-EU tariff deal and on positioning ahead of the Fed; Kitco News also pointed to a stronger U.S. dollar weighing on prices. Reuters also flagged softer physical flow signals with China’s net gold imports via Hong Kong down 60% in June versus May, while a separate Reuters poll said safe-haven demand remains a key support.

Gold headlines

Silver $38.13 −1.57%

Silver was discussed mainly in tandem with gold and broader risk sentiment around the U.S.-EU trade deal; Commerzbank also raised its silver price forecasts in an imported note.

Silver headlines

Platinum $1,406.00 +1.44%

Platinum-specific news flow was limited in today’s reports; Commerzbank raised its platinum price forecasts in an imported note.

Platinum headlines

Palladium $1,245.00 +1.55%

Palladium-specific news flow was limited in today’s reports; Commerzbank raised its palladium price forecasts in an imported note.

Palladium headlines

The day’s reports

38 reports, most important first, New York time.

  1. 12:01 PM Reuters · 12:01 PM▼ Reports a fall China's net gold imports via Hong Kong in June fall 60% from May Reuters reports China's net gold imports through Hong Kong fell 60% in June from May.
  2. 11:56 AM Reuters · 11:56 AM▲ Reports a rise Gold price to stay above $3,000/oz as flight to safety endures: Reuters poll A Reuters poll says gold is expected to stay above $3,000 an ounce as safe-haven demand continues.
  3. 10:40 AM Reuters · 10:40 AM Fed expected to keep rates unchanged as it sifts through mixed economic data Reuters says the Fed is expected to keep rates unchanged while assessing mixed economic data.
  4. 10:34 AM Reuters · 10:34 AM▼ Reports a fall Gold subdued by risk-on mood after US-EU tariff deal; focus on Fed Gold is subdued after the U.S.-EU tariff deal, with traders now focused on the Fed.
  5. 8:00 PM Earlier news service · 8:00 PM CHINA : IPO: gold miner Shanjin plans Hong Kong listing amid record prices for p.. Chinese gold miner Shanjin is planning a Hong Kong listing amid record prices for gold.
  6. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Why smart investors are rebalancing alternatives with gold The World Gold Council says investors are rebalancing alternatives with gold.
  7. 8:00 PM Earlier news service · 8:00 PM INDIAN Gold Investment Demand Momentum Continues Indian gold investment demand momentum is continuing.
  8. 8:00 PM Earlier news service · 8:00 PM GOLD: Are Bulls Losing Grip as Risk-On Trade, Tariff Deals Shift Flows? The piece asks whether gold bulls are losing momentum as risk-on trading and tariff deals shift market flows.
  9. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall DALIO Urges 15% in Gold/Bitcoin Despite Gold Price Pressure Ray Dalio is urging a 15% allocation to gold and Bitcoin despite pressure on the gold price.
  10. 12:45 PM Investing.com · 12:45 PM▼ Reports a fall Gold price falls as BofA warns of potential stop-loss triggers By ... Gold prices fell as BofA warned that downward momentum could trigger stop-loss selling.
  11. 12:45 PM Yahoo Finance · 12:45 PM▼ Reports a fall Gold falls to near two-week low after US, EU agree to tariff deal Gold fell to a near two-week low after the U.S. and EU agreed to a tariff deal.
  12. 12:45 PM Investing.com · 12:45 PM▼ Reports a fall EUR/USD Rises, Gold Sinks as Telegraphed Trade Deal Confirmed ... Gold fell as markets confirmed a telegraphed U.S.-EU trade deal, while EUR/USD rose.
  13. 12:45 PM Bloomberg · 12:45 PM▲ Reports a rise Investors Look to Gold as Indian Stock Market Shows Signs of Strains Bloomberg says some investors are turning to gold as signs of strain appear in India's stock market.
  14. 12:45 PM MarketWatch · 12:45 PM McEwen Shares Fall With Plans to Buy Canadian Gold - MarketWatch McEwen shares fell after plans to buy Canadian Gold and the previously producing Tartan mine.
  15. 12:45 PM Earlier news service · 12:45 PM▲ Reports a rise Gold rises as soft dollar offsets risk-on mood from US-EU tariff deal Gold rose as a softer dollar outweighed the risk-on mood from the U.S.-EU tariff deal.
  16. 12:20 PM Kitco News · 12:20 PM Billionaire investor Ray Dalio urges 15% allocation in gold or Bitcoin, says world on the verge of an economic heart attack Ray Dalio urged investors to keep 15% in gold or Bitcoin, saying the world faces an economic heart attack.
  17. 12:00 PM Reuters · 12:00 PM▼ Reports a fall Gold falls 1% as US-EU deal boosts risk appetite ahead of Fed meeting Reuters says gold fell 1% as the U.S.-EU deal boosted risk appetite before the Fed meeting.
  18. 11:53 AM Reuters · 11:53 AM▲ Reports a rise Platinum price rally pulls producers from the brink, Valterra CEO says Valterra's CEO says a platinum price rally is helping pull producers back from the brink.
  19. 11:31 AM Kitco News · 11:31 AM▼ Reports a fall Gold sells off as greenback sees sharp gains Gold sold off after the U.S. dollar surged higher, according to Kitco News.
  20. 7:57 AM Kitco News · 7:57 AM Gold price near steady as risk aversion recedes Kitco says gold is near steady as risk aversion fades.
  21. 7:50 AM Yahoo Finance · 7:50 AM▲ Reports a rise Gold price today, Tuesday, July 29, 2025: Gold opens below $3,315 Gold futures opened slightly higher Tuesday but at their lowest open since July 9.
  22. 7:50 AM Yahoo Finance · 7:50 AM▼ Reports a fall Gold price today, Monday, July 28, 2025: Gold stalls with progress on trade deals Gold futures opened lower on Monday, down 0.4% from Friday and 3.5% below last week's peak.
  23. 4:31 AM Investing.com · 4:31 AM Gold Holds Steady Amid US-EU Trade Deal and Fed Meeting Anticipation Gold stays steady as traders weigh the U.S.-EU trade deal and the upcoming Fed meeting.
  24. 8:00 PM Earlier news service · 8:00 PM FIDELITY Says $4,000 Gold Possible as Fed Cuts, Dollar Drops Fidelity said gold could reach $4,000 if the Fed cuts rates and the dollar falls.
  25. 8:00 PM Earlier news service · 8:00 PM Feeling the Flow: ROSS NORMAN on Intuition in Bullion Markets A commentary piece features Ross Norman discussing intuition in bullion markets.
  26. 8:00 PM Earlier news service · 8:00 PM T ROWE PRICE : Beyond the glitter: Why gold remains a strategic asset in today's.. T. Rowe Price argues gold remains a strategic asset beyond the glitter.
  27. 8:00 PM Earlier news service · 8:00 PM STOEFERLE : Gold: 1970s, 2000s, 2020s… A Déjà Vu In Two Acts – Second Act A commentary compares gold's current setup with the 1970s, 2000s and 2020s.
  28. 8:00 PM Earlier news service · 8:00 PM PAKISTAN : Transparency in gold trade sought Pakistan is seeking greater transparency in the gold trade.
  29. 8:00 PM Earlier news service · 8:00 PM TOKENS : Gold-Backed Tokens: The Safe Bet for SMEs in Tough Times The article says gold-backed tokens are being presented as a safe option for SMEs in difficult times.
  30. 8:00 PM Earlier news service · 8:00 PM DUBAI : Gold retailer Joyalukkas gets Dh500m loan from Emirates NBD Dubai gold retailer Joyalukkas has secured a Dh500 million loan from Emirates NBD.
  31. 8:00 PM Earlier news service · 8:00 PM SILVER Continues to Look for a Bounce Silver is still looking for a bounce.
  32. 8:00 PM Earlier news service · 8:00 PM HONG KONG : This gold ATM recycles your unwanted gold into cash A Hong Kong gold ATM recycles unwanted gold into cash.
  33. 12:45 PM FXEmpire · 12:45 PM Gold (XAUUSD) and Silver Approach Key Levels Amid US-EU ... Gold and silver are approaching key levels as the U.S.-EU trade deal shapes market sentiment.
  34. 12:45 PM Yahoo Finance · 12:45 PM Ontenu Central Exploration Update: South Pacific Metals Extends ... South Pacific Metals said exploration continues to extend gold and porphyry copper-gold mineralization.
  35. 12:45 PM Yahoo Finance · 12:45 PM McEwen Mining to Process Bulk Samples from Inventus' Pardo Gold ... McEwen Mining will process bulk samples from Inventus' Pardo Gold Project.
  36. 12:45 PM Yahoo Finance · 12:45 PM Soma Gold Announces $15 million Non-Brokered LIFE Private ... Soma Gold announced a $15 million non-brokered LIFE private placement.
  37. 8:09 AM Kitco News · 8:09 AM Gold market analysis for July 28 - key intra-day price entry levels for active traders Kitco provides gold market analysis and key intraday price levels for active traders.
  38. 2:05 AM The Times of India · 2:05 AM Gold price prediction: What's the gold rate outlook for July 28, 2025 week A Times of India forecast says gold is likely to trade sideways for the week of July 28.

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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