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Daily brief · Tuesday, July 29, 2025

Gold steadies ahead of Fed; risk-on trade news and a firmer dollar capped gains

Gold finished slightly higher as markets waited on the Federal Reserve’s interest-rate decision and weighed mixed signals: some support from lower bond yields and firmer crude, but pressure from a stronger U.S. dollar and improved risk appetite tied to trade headlines. Silver, platinum, and palladium were comparatively quiet in today’s coverage, with most attention on gold and the Fed.

AI summaryWritten automatically with AI from 20 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 29, 2025

Gold $3,316.50 +0.34% 30d +1.4% Silver $38.11 −0.05% 30d +5.9% Platinum $1,397.00 −0.64% 30d +4.8% Palladium $1,246.00 +0.08% 30d +11.3%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold regained some ground as trade optimism faded, with markets focused on the Fed meeting and its policy outlook.

    SourcesReuters: Gold regains some ground as trade optimism fades; spotlight on Fed meeting

  2. Kitco News said gold fell to near a three-week low as the US‑EU trade deal boosted risk appetite, pulling money toward equities and away from havens.

    SourcesKitco News: Global stock index falls, euro slides after US-EU trade deal | Kitco ...

  3. Investing.com reported gold prices were near three-week lows as the dollar strengthened and trade progress continued, underscoring the headwind from a firmer greenback.

    SourcesInvesting.com: Gold prices near 3-week lows as stronger dollar, trade progress ...

  4. Kitco News reported gold gained as crude oil firmed and bond yields dipped, which can make non-yielding metals more attractive versus bonds.

    SourcesKitco News: Gold gains amid firmer crude oil, downtick in bond yields

  5. One report said Chinese investors have been shifting from gold into stocks as gold ETF outflows hit records, a negative flow signal for bullion demand.

    SourcesEarlier news service: CHINESE investors shift from gold to stocks amid record ETF ...

  6. Reuters reported Endeavour and two other gold producers signed on to Mali’s new mining code, a policy development for a significant gold-producing region.

    SourcesReuters: Endeavour, two other gold producers sign on to Mali’s new mining code

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

  • UpcomingFed interest-rate decisionMultiple outlets said gold was trading cautiously into the Fed outcome because rates, the dollar, and yields are key drivers for bullion pricing and investor positioning.

Metal by metal

Gold $3,316.50 +0.34%

Fed expectations dominated: Reuters and Kitco described gold trading around trade-driven swings in risk appetite, while also taking cues from yields and the dollar ahead of the central bank decision. Separate coverage also pointed to potentially weaker investment flows, with a report noting Chinese investors shifting from gold to stocks and record gold ETF outflows.

Gold headlines

Silver $38.11 −0.05%

Coverage was thin today. Kitco cited Commerzbank raising its price targets for silver alongside the PGMs, even as it said gold may be “stuck.”

Silver headlines

Platinum $1,397.00 −0.64%

Coverage was thin today. Kitco cited Commerzbank raising its price targets for platinum-group metals (PGMs).

Platinum headlines

Palladium $1,246.00 +0.08%

Coverage was thin today. Kitco cited Commerzbank raising its price targets for PGMs.

Palladium headlines

The day’s reports

The 40 most important of 43 reports, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall DOLLAR Rallies and GOLD Sinks as Powell Pushes Back Against Rate Cuts The dollar rallies and gold falls after Powell pushes back against rate cuts.
  2. 8:00 PM Earlier news service · 8:00 PM Gold prices steady as investors await Fed interest rate decision Gold prices are steady as investors await the Fed's interest rate decision.
  3. 8:00 PM Earlier news service · 8:00 PM CHINA 'Buys the Dip' in Gold After Record ETF Outflows China is buying gold on dips after record ETF outflows.
  4. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall CHINESE investors shift from gold to stocks amid record ETF ... Chinese investors are shifting from gold into stocks as gold ETF outflows hit records.
  5. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold extends recovery before the Fed's decisions Gold extended its recovery ahead of the Federal Reserve's decisions.
  6. 11:28 AM Investing.com · 11:28 AM▼ Reports a fall Gold prices near 3-week lows as stronger dollar, trade progress ... Gold prices were near three-week lows as the dollar strengthened and trade progress continued.
  7. 11:28 AM Earlier news service · 11:28 AM▼ Reports a fall Gold hovers near 3-week low as trade war fears ebb, dollar firms Gold hovered near a three-week low as trade war fears eased and the dollar strengthened.
  8. 11:00 AM Reuters · 11:00 AM Endeavour, two other gold producers sign on to Mali’s new mining code Three gold producers signed on to Mali's new mining code.
  9. 10:47 AM Reuters · 10:47 AM▲ Reports a rise Gold regains some ground as trade optimism fades; spotlight on Fed meeting Gold regained some ground as trade optimism faded and traders watched the Fed meeting.
  10. 9:35 AM Reuters · 9:35 AM Fed's policy toolkit may be headed for fundamental changes Reuters reports that the Fed's policy toolkit may be headed for fundamental changes.
  11. 8:17 AM Kitco News · 8:17 AM▲ Reports a rise Gold price up a bit as FOMC meeting on deck Gold prices are up a bit ahead of the FOMC meeting.
  12. 10:20 PM smallcaps.com.au · 10:20 PM Flynn Gold Confirms High-Grade Gold Discovery at Golden Ridge’s Trafalgar Prospect Flynn Gold reports a high-grade gold discovery at its Trafalgar prospect.
  13. 8:00 PM Earlier news service · 8:00 PM TD SECURITIES : CTAs poised to rebuild Gold longs TD Securities says CTAs are poised to rebuild gold longs.
  14. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise HERAEUS : High gold prices are crimping consumer demand Heraeus says high gold prices are crimping consumer demand.
  15. 8:00 PM Earlier news service · 8:00 PM Gold price flat lines as traders opt to wait for more cues about Fed's rate-cut .. Gold prices are flat as traders wait for more clues on Fed rate cuts.
  16. 8:00 PM Earlier news service · 8:00 PM INDIA : Jewellery majors go light as gold prices remain firm India's jewellery majors are reducing activity as gold prices stay firm.
  17. 8:00 PM Earlier news service · 8:00 PM CPM GROUP : Bull market in ‘real things’, ft CPM’s Christian on silver, platinum.. CPM Group's Christian discusses a bull market in real things, including silver and platinum.
  18. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise JEWELLERY : High gold prices ‘a nightmare’: French luxury jeweller Boucheron’s C.. French jeweller Boucheron says high gold prices are hurting business.
  19. 8:00 PM Earlier news service · 8:00 PM UAE gold retailer Joyalukkas secures a $136mln loan from Emirates NBD UAE gold retailer Joyalukkas secures a $136 million loan from Emirates NBD.
  20. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall CHINAs Gold ETFs Face Record Outflows As Investors Rotate Into Stocks: What’s Be.. China's gold ETFs saw record outflows as investors rotated into stocks.
  21. 8:00 PM Earlier news service · 8:00 PM STONEX : Gold & Silver Hold Steady Amid Trade Shifts StoneX says gold and silver held steady amid shifting trade conditions.
  22. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Moves Higher As Trade Deal Optimism Fades Gold moved higher as optimism over the trade deal faded.
  23. 8:00 PM Earlier news service · 8:00 PM DALIO warns investors to allocate 15% of their portfolio to gold and crypto beca.. Ray Dalio warned investors to allocate 15% of their portfolio to gold and crypto.
  24. 11:43 AM Kitco News · 11:43 AM▲ Reports a rise Gold gains amid firmer crude oil, downtick in bond yields Gold rose as firmer crude oil and lower bond yields supported the metal.
  25. 11:28 AM Bloomberg · 11:28 AM▼ Reports a fall Gold (XAUUSD) Holds Drop as US-EU Trade Deal Provides Boost ... Gold held its losses as the US-EU trade deal lifted markets.
  26. 11:28 AM Kitco News · 11:28 AM▼ Reports a fall Global stock index falls, euro slides after US-EU trade deal | Kitco ... Gold fell to a near three-week low as the US-EU trade deal boosted risk appetite.
  27. 11:28 AM Yahoo Finance · 11:28 AM Ray Dalio Says 15% In Bitcoin Or Gold May Be Essential As Fiat ... Ray Dalio said a 15% portfolio allocation to bitcoin or gold may be essential amid debt concerns.
  28. 10:07 AM Kitco News · 10:07 AM Gold may be stuck but Commerzbank raises price target for silver and PGMs Kitco says gold is stuck, but Commerzbank raised price targets for silver and the platinum group metals.
  29. 10:01 AM Kitco News · 10:01 AM Gold price largely ignores drop in US job openings Kitco says gold prices mostly ignored the drop in U.S. job openings.
  30. 9:58 AM Kitco News · 9:58 AM Kaplan: ‘Perfect storm’ for gold; dollar will ‘absolutely collapse’ against bullion; Donlin poised to be “largest single producer” in U.S. Kitco says gold could face a perfect storm, with one analyst calling for a much weaker dollar against bullion.
  31. 8:50 AM Reuters · 8:50 AM Bond investors warm to risk, with Fed staying put in 'Goldilocks' economy Reuters says bond investors are warming to risk as the Fed stays put in a Goldilocks economy.
  32. 8:00 PM Earlier news service · 8:00 PM TD SECURITIES : Gold selling exhaustion nears as CTA pressure fades TD Securities says gold selling exhaustion is nearing as CTA pressure fades.
  33. 8:00 PM Earlier news service · 8:00 PM LBMA : DEFRA Consultation on UK REACH Deadline Extensions LBMA covers DEFRA's consultation on extending deadlines under UK REACH.
  34. 8:00 PM Earlier news service · 8:00 PM BULLIONVAULT : Investing Forecast: Gold $3679, Silver Price $41 at End-2025 BullionVault forecasts gold at $3,679 and silver at $41 by the end of 2025.
  35. 8:00 PM Earlier news service · 8:00 PM INVESCO : Gold report Q2 2025 Invesco publishes its gold report for the second quarter of 2025.
  36. 7:55 PM themarketherald.com.au · 7:55 PM Pantoro Gold Confirms High-Grade Extensions Pantoro Gold reported high-grade drilling extensions at its Norseman Gold Project.
  37. 6:03 PM Kitco News · 6:03 PM “This is a crack-up boom”: Florian Grummes sees $4k gold, $50 silver, and bull market for miners Kitco quotes Florian Grummes calling for $4,000 gold, $50 silver and a bull market in miners.
  38. 4:42 PM Kitco News · 4:42 PM The fact that gold is not lower should tell you a lot, says State Street’s Aakash Doshi State Street's Aakash Doshi says gold not falling further is an important signal.
  39. 11:28 AM Yahoo Finance · 11:28 AM Gold Revaluation: Nuclear Option America Might Pull Again An article argues the U.S. could use gold revaluation again.
  40. 11:28 AM Yahoo Finance · 11:28 AM Xali Gold Provides Update on South American and Mexican Projects Xali Gold gave an update on its South American and Mexican projects.

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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