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Daily brief · Wednesday, August 13, 2025

Gold and silver close higher as July CPI boosts rate-cut bets; palladium lags

Gold ended higher at $3,364.40 an ounce as several outlets tied the move to July CPI data feeding expectations for Federal Reserve rate cuts and a softer dollar. Silver outperformed on the day, while palladium fell and platinum was little changed.

AI summaryWritten automatically with AI from 29 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 13, 2025

Gold $3,364.40 +0.63% 30d +0.4% Silver $38.61 +2.43% 30d −1.0% Platinum $1,337.00 +0.07% 30d −3.2% Palladium $1,122.00 −1.75% 30d −5.6%

Tone of the reports: Mixed

What happened

  1. Gold closed at $3,364.40 an ounce, up +0.63% on the day, with Reuters and Bloomberg linking strength to rising expectations for Fed rate cuts after inflation data and a weaker dollar.

    SourcesReuters: Gold rises on increasing Fed rate-cut bets, weaker dollarBloomberg: Gold (XAUUSD) Holds Modest Gain as Inflation Data Aids US Rate ...

  2. Kitco News also said July CPI pushed rate-cut expectations higher, helping gold rally, and later added that a weaker dollar and lower bond yields supported both gold and silver.

    SourcesKitco News: Gold rallies following July CPI data as rate cut expectations surge ...2: Gold, silver gain amid weaker USDX, dip in bond yields | Kitco News

  3. Investing.com highlighted a counterpoint early in the session, reporting gold slipped after Trump ruled out tariffs on imported gold bars.

    SourcesInvesting.com: Gold Falls As Trump Rules Out Tariffs On Imported Gold Bars ...

  4. HSBC raised its silver forecast, according to MINING.COM, arguing silver should benefit from gold’s strength.

    SourcesMINING.COM: HSBC sees silver benefiting from gold strength, lifts forecast ...

  5. Reuters reported a separate supply-side storyline: a Mali mine seizure dealt a $1 billion blow to the world’s second-largest gold producer.

    SourcesEarlier news service: MALI mine seizure deals $1 billion blow to world’s second-largest gold producer

  6. The World Gold Council said China’s official gold holdings rose in July, according to a China market update.

    SourcesEarlier news service: WORLD GOLD COUNCIL : China gold market update: Official holdings rose in July

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

  • UpcomingMore US inflation dataCNBC said investors were awaiting more inflation data; rate expectations and the dollar were central drivers cited across gold coverage today.

Metal by metal

Gold $3,364.40 +0.63%

Multiple outlets attributed gold’s gains to softer inflation data lifting expectations for Fed rate cuts and pressuring the dollar, which tends to support dollar-priced bullion. One report also noted gold briefly softened after Trump ruled out tariffs on imported gold bars, adding a conflicting headline driver.

Gold headlines

Silver $38.61 +2.43%

HSBC lifted its silver forecast, saying silver should benefit from gold strength. Kitco also linked silver’s day to a weaker dollar and a dip in bond yields.

Silver headlines

Platinum $1,337.00 +0.07%

No report focused on platinum.

Platinum headlines

Palladium $1,122.00 −1.75%

No report focused on palladium.

Palladium headlines

The day’s reports

33 reports, most important first, New York time.

  1. 11:07 AM MINING.COM · 11:07 AM▲ Reports a rise HSBC sees silver benefiting from gold strength, lifts forecast ... HSBC says silver should benefit from gold strength and raises its forecast.
  2. 9:58 AM Reuters · 9:58 AM▲ Reports a rise Gold rises on increasing Fed rate-cut bets, weaker dollar Gold rises on stronger bets for a Fed rate cut and a weaker dollar.
  3. 8:08 AM Investing.com · 8:08 AM▼ Reports a fall Gold Falls As Trump Rules Out Tariffs On Imported Gold Bars ... Gold slips after Trump rules out tariffs on imported gold bars.
  4. 8:08 AM Bloomberg · 8:08 AM▲ Reports a rise Gold (XAUUSD) Holds Modest Gain as Inflation Data Aids US Rate ... Gold holds a modest gain as inflation data supports bets on U.S. rate cuts.
  5. 8:08 AM Kitco News · 8:08 AM▲ Reports a rise Gold rallies following July CPI data as rate cut expectations surge ... Gold rallied after July CPI data lifted expectations for Fed rate cuts.
  6. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Dollar weakness remains primary driver of gold prices | Kitco News Kitco says dollar weakness remains the main driver of gold prices.
  7. 8:00 PM Kitco News · 8:00 PM World shares hit record as rate cut hopes, tame inflation data buoy ... World shares hit records on rate-cut hopes and tame inflation data, with a gold price outlook also mentioned.
  8. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Gold, silver gain amid weaker USDX, dip in bond yields | Kitco News Gold and silver rose as the U.S. dollar weakened and bond yields dipped.
  9. 8:00 PM Investing.com · 8:00 PM Dundee Precious Metals shareholders approve acquisition of ... Dundee Precious Metals shareholders approved the company’s acquisition move.
  10. 8:00 PM Yahoo Finance · 8:00 PM New Found Gold Announces Temporary Suspension of Heavy ... New Found Gold announced a temporary suspension of heavy exploration activities.
  11. 6:01 PM CNBC · 6:01 PM Stock futures are little changed as investors await more inflation data ... A CNBC item says gold mining stocks are starting to rebuild investor confidence.
  12. 3:53 PM Kitco News · 3:53 PM China’s gold market cools in July, but jewelry demand could rebound – World Gold Council World Gold Council says China’s gold market cooled in July, though jewelry demand could rebound.
  13. 2:39 PM Reuters · 2:39 PM▲ Reports a rise Zimbabwe labs overwhelmed as gold rally spurs exploration, miner says Zimbabwe labs are overwhelmed as a gold rally is prompting more exploration, according to a miner.
  14. 12:17 PM The Manila Times · 12:17 PM▲ Reports a rise Apex Mining's net income soars 70% in H1 on higher gold prices Apex Mining says first-half net income jumped 70% on higher gold prices.
  15. 11:52 AM Kitco News · 11:52 AM U.S. gov’t sparks ‘golden era’ for mining with strategic investments and policy shift - Crescat’s Costa Crescat's Costa says U.S. policy shifts and strategic investments could create a golden era for mining.
  16. 11:32 AM Kitco News · 11:32 AM Gold is a key strategic investment despite U.S. resilience and Bitcoin’s rise – Rothschild’s Balfour Rothschild's Balfour calls gold a key strategic investment despite U.S. resilience and bitcoin's rise.
  17. 8:08 AM Investing.com · 8:08 AM Gold: Narrow Range Trading Signals Potential Breakout Ahead of ... Gold analysis says narrow-range trading could lead to a breakout ahead of the next catalyst.
  18. 8:08 AM Earlier news service · 8:08 AM▲ Reports a rise Gold gains as soft US data pressures dollar, fuels rate-cut bets Gold gained as soft U.S. data pressured the dollar and increased rate-cut bets.
  19. 8:08 AM Earlier news service · 8:08 AM▲ Reports a rise Gold edges up with focus on US inflation data Gold edged up as investors waited for U.S. inflation data.
  20. 8:08 AM Kitco News · 8:08 AM▲ Reports a rise Gold price modestly up as USDX down, U.S. bond yields dip Gold prices edged up as the U.S. dollar index fell and bond yields dipped.
  21. 6:51 AM retailnews.asia · 6:51 AM▲ Reports a rise Gold Makes a Modest Comeback After Monday’s Market Dip Gold prices rebounded modestly after Monday’s market drop.
  22. 5:03 AM The Manila Times · 5:03 AM Fortuna drills 22.7 g/t gold over 21.6 meters at Southern Arc, Diamba Sud Gold Project, Senegal Fortuna Mining reported additional drilling results from the Diamba Sud Gold Project in Senegal.
  23. 4:47 AM Investing.com · 4:47 AM Gold Prices Hover Near Record Highs on Fed Rate Cut Expectations Gold hovered near record highs as traders focused on expectations for Fed rate cuts.
  24. 2:52 AM thesundaily.my · 2:52 AM▲ Reports a rise Gold rises as soft US inflation boosts rate-cut expectations Gold rose as softer U.S. inflation data weakened the dollar and boosted expectations for Fed rate cuts.
  25. 2:05 AM Investing.com · 2:05 AM Gold Steady After CPI Data and US–China Tariff Truce Extension Gold stayed steady after CPI data and an extension of the U.S.-China tariff truce.
  26. 1:19 PM under30ceo.com · 1:19 PM Gold Prices Signal Inflation Protection Potential An article argues gold prices may signal inflation protection potential.
  27. 10:55 AM Kitco News · 10:55 AM Gold price could double in 5-10 years as investors become skeptical of fiat currencies - Thorsten Polleit A Kitco commentary says gold could double over the next 5 to 10 years.
  28. 8:08 AM Yahoo Finance · 8:08 AM Sranan Gold Initiates Diamond Core Drilling Program on the Randy ... Sranan Gold began a diamond core drilling program on the Randy project.
  29. 8:08 AM Investing.com · 8:08 AM Jangada Mines appoints Paulo Misk as CEO to advance gold ... Jangada Mines appointed Paulo Misk as CEO to advance its gold project in Brazil.
  30. 7:47 AM Kitco News · 7:47 AM Gold market analysis for August 13 - key intra-day price entry levels for active traders Kitco published gold market analysis with key intraday price levels for active traders.
  31. 5:21 AM Seeking Alpha · 5:21 AM Endeavour Mining: Low-Cost Gold Miner Transitioning Into Free Cash Flow Powerhouse (EDVMF) An analysis says Endeavour Mining is shifting toward free cash flow and dividends.
  32. 1:09 AM FXStreet · 1:09 AM Pound Sterling Price News and Forecast: GBP/USD raises as US ... A FXStreet forecast notes gold after U.S. inflation data sparked hawkish Fed expectations.
  33. 12:49 AM FXStreet · 12:49 AM Indian Rupee trades flat at open as India's inflation cools Gold held its previous bounce after U.S. CPI data.

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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