Daily brief · Tuesday, August 12, 2025
Gold eases after tariff relief and CPI; platinum outperforms into the close
Gold closed at $3,343.30 an ounce (-0.39%) after a day dominated by U.S. CPI headlines and fresh tariff-related messaging. Silver finished at $37.69 (-0.17%), while platinum was the standout at $1,336.00 (+1.06%) and palladium ended at $1,142.00 (-0.26%).
AI summaryWritten automatically with AI from 21 linked reports and our own price data, Oct 21, 2:04 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 August 12, 2025
Tone of the reports: Mixed
What happened
Reuters reported bullion markets calmed after Trump said gold would not face tariffs, removing a near-term policy overhang that had been driving volatility.
SourcesReuters: Bullion markets breathe sigh of relief after Trump says gold will not face tariffs
Kitco News said gold rebounded from intraday lows after what it described as tame U.S. CPI data, while a separate Kitco item framed the same release as supportive for gold after CPI rose 0.2% in July.
SourcesKitco News: Gold price moves up from daily lows after tame U.S. CPI data2: Gold prices jump as U.S. CPI rises 0.2% in July
Reuters reported gold edged higher after the U.S. inflation data, with markets also reacting to shifting interest-rate expectations.
Reuters reported stocks hit fresh record highs while the U.S. dollar weakened as rate-cut expectations gained momentum—two cross-currents that traders weighed alongside metals.
The World Gold Council said China’s official gold holdings rose in July, a signal of continued official-sector demand.
SourcesEarlier news service: WORLD GOLD COUNCIL : China gold market update: Official holdings rose in July
Seeking Alpha reported global gold ETFs saw inflows in July, led by North America and Europe, pointing to ongoing investment demand through funds.
SourcesSeeking Alpha: Gold ETF Flows: July 2025 (NYSEARCA:GLD)
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
Reuters said the U.S. dollar weakened as rate-cut expectations gained momentum; a weaker dollar and lower-rate expectations are commonly cited as supportive for gold pricing.
Seeking Alpha reported July inflows into global gold ETFs, led by North America and Europe, supporting the view that investment demand is still building.
SourcesSeeking Alpha: Gold ETF Flows: July 2025 (NYSEARCA:GLD)
The World Gold Council said China’s official gold holdings rose in July, reinforcing the demand backdrop from official-sector buying.
SourcesEarlier news service: WORLD GOLD COUNCIL : China gold market update: Official holdings rose in July
An import report said UBS maintained a bullish gold outlook despite tariff volatility and muted demand, indicating at least one major bank remains constructive on the metal.
SourcesEarlier news service: UBS maintains bullish gold outlook despite tariff volatility and muted demand
The case for lower prices
Reuters reported bullion markets eased after Trump said gold will not face tariffs, suggesting part of the recent bid tied to tariff worries may be fading as clarity improves.
SourcesReuters: Bullion markets breathe sigh of relief after Trump says gold will not face tariffs
BusinessLine reported bullion prices declined after Trump signaled no tariff on gold bars, framing tariff relief as a short-term negative for prices.
SourcesBusinessLine: After Trump signals no tariff on gold bars, bullion prices decline
The UBS note referenced muted demand even while keeping a bullish stance, highlighting a headwind in underlying physical or end-user buying.
SourcesEarlier news service: UBS maintains bullish gold outlook despite tariff volatility and muted demand
Reuters reported stocks hit record highs, a risk-on backdrop that can reduce urgency for safe-haven positioning, even when other supports (like a weaker dollar) are present.
Metal by metal
The day’s reports
34 reports, most important first, New York time.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise WORLD GOLD COUNCIL : China gold market update: Official holdings rose in July The World Gold Council says official gold holdings in China rose in July.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall MALI mine seizure deals $1 billion blow to world’s second-largest gold producer A mine seizure in Mali dealt a $1 billion blow to the world's second-largest gold producer.
- 11:05 AM Reuters · 11:05 AM Bullion markets breathe sigh of relief after Trump says gold will not face tariffs Reuters says bullion markets eased after Trump said gold will not face tariffs.
- 8:48 AM Kitco News · 8:48 AM▲ Reports a rise Gold price moves up from daily lows after tame U.S. CPI data Kitco says gold prices recovered from daily lows after tame U.S. CPI data.
- 8:33 AM Kitco News · 8:33 AM▲ Reports a rise Gold prices jump as U.S. CPI rises 0.2% in July Kitco says gold prices jumped after U.S. CPI rose 0.2% in July.
- 12:25 AM BusinessLine · 12:25 AM▼ Reports a fall After Trump signals no tariff on gold bars, bullion prices decline Gold prices fell 2% after Trump said there would be no tariff on gold bars.
- 9:20 PM Action Forex · 9:20 PM Gold’s (XAU/USD) Recovers to $3350/oz After Mixed CPI Reaction. What Next? Gold recovered to about $3,350 an ounce after a mixed reaction to U.S. CPI data.
- 8:00 PM Earlier news service · 8:00 PM ASIA : Ultra wealthy are piling into a centuries-old gold trade in Asia Ultra-wealthy investors in Asia are piling into a centuries-old gold trade.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall US Premiums for Gold Retreat Following Trump’s No-Tariff Vow U.S. gold premiums fell after Trump said he would not impose tariffs.
- 8:00 PM Earlier news service · 8:00 PM JP MORGAN Strategist: The Investment Case for Gold Amid Fed Rate Cut Expectation.. JPMorgan's strategist says gold looks attractive as Fed rate-cut expectations build.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold gains ground as dollar slips on signs of slowing US economy Gold rises as the dollar slips on signs of a slowing U.S. economy.
- 8:00 PM Earlier news service · 8:00 PM UBS maintains bullish gold outlook despite tariff volatility and muted demand UBS keeps a bullish gold outlook despite tariff volatility and weak demand.
- 8:00 PM Earlier news service · 8:00 PM INDONESIA : China-Linked Gold Syndicates Driving Toxic Mining Boom in Indonesia:.. China-linked gold syndicates are driving a toxic mining boom in Indonesia.
- 8:00 PM Earlier news service · 8:00 PM SWITZERLAND wants binding Trump commitment on gold tariffs, lobby group says A Swiss lobby group wants a binding Trump commitment on gold tariffs.
- 8:00 PM Earlier news service · 8:00 PM SINGAPORE’S GOLDEN MAGNET: THE WEALTH SHIFT FROM WEST TO EAST Singapore is benefiting from a shift in wealth and gold activity from West to East.
- 5:54 PM Reuters · 5:54 PM Stocks hit fresh record high but US dollar weakens as Fed rate cut expectations gain momentum Reuters says stocks hit records while the U.S. dollar weakened as Fed rate-cut expectations strengthened.
- 2:46 PM Reuters · 2:46 PM▲ Reports a rise Gold nudges higher after US inflation data Reuters says gold edged higher after the latest U.S. inflation data.
- 2:29 PM Reuters · 2:29 PM Trump cites 'major lawsuit' against Fed's Powell, again urges rate cut Reuters says Trump again cited a major lawsuit against Powell and renewed calls for a rate cut.
- 12:56 PM Kitco News · 12:56 PM Trump threatens Fed’s Powell with lawsuit in latest attack Kitco News reports Trump threatened Fed Chair Powell with a lawsuit in another attack on the central bank.
- 12:47 PM Kitco News · 12:47 PM▼ Reports a fall Gold down on mild profit taking, rally in U.S. stocks Kitco News says gold slipped on mild profit-taking and a rally in U.S. stocks.
- 8:12 AM Seeking Alpha · 8:12 AM▲ Reports a rise Gold ETF Flows: July 2025 (NYSEARCA:GLD) Seeking Alpha says global gold ETFs kept seeing inflows in July, led by North America and Europe.
- 7:02 AM Financial Post · 7:02 AM Discovery Reports 50,552 Ounces of Gold Production, $27.3 Million of Free Cash Flow¹ in Q2 2025 Discovery reported 50,552 ounces of gold production and $27.3 million in free cash flow in Q2 2025.
- 8:00 PM Earlier news service · 8:00 PM INDIAN Gold jewelry market optimistic demand will rebound in H2 India's gold jewelry market expects demand to rebound in the second half.
- 8:00 PM Earlier news service · 8:00 PM ROTHSCHILD & CO : The return of the gold bugs Rothschild & Co publishes a piece titled 'The return of the gold bugs'.
- 8:00 PM Earlier news service · 8:00 PM ADRIAN ASH : Looking beyond gold to the white precious metals Adrian Ash looks beyond gold to the white precious metals.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise FORBES : Gold To Move Higher Into Year End Forbes says gold could move higher into year end.
- 8:00 PM Earlier news service · 8:00 PM CHARTS / GOLD : Adrift Within Consolidation Pattern Gold is trading adrift within a consolidation pattern.
- 4:24 PM Kitco News · 4:24 PM Aggressive Fed rate cuts to drive gold back to record highs by year-end - ING’s Manthey Kitco News quotes ING's Manthey saying aggressive Fed cuts could push gold back to record highs by year-end.
- 3:48 PM Kitco News · 3:48 PM From heirlooms to cash, gold is beating diamonds in today’s market - House of Kahn Estate Jewelers Kitco News says gold is outperforming diamonds as people turn heirlooms into cash.
- 2:27 PM Reuters · 2:27 PM Miran calls Fed independence 'paramount' but declines to elaborate - CNBC Reuters says Miran called Fed independence paramount but declined to elaborate.
- 1:36 PM Reuters · 1:36 PM Ex-Fed's Bullard says he's talked with Bessent about Fed chair job Reuters says ex-Fed official Bullard has spoken with Bessent about the Fed chair job.
- 11:45 AM Kitco News · 11:45 AM Chainlink integrates real-time Intercontinental Exchange data for precious metals and FX markets Kitco News says Chainlink has integrated real-time Intercontinental Exchange data for precious metals and FX markets.
- 7:37 AM Kitco News · 7:37 AM Gold market analysis for August 12 - key intra-day price entry levels for active traders Kitco published intraday gold price levels for active traders on August 12.
- 8:00 PM Earlier news service · 8:00 PM 99% of Gold Investors Shun AI Advice Most gold investors shun AI advice, according to a survey.
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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