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Daily brief · Friday, August 15, 2025

Gold dips with hot U.S. inflation data; silver and PGMs slide more sharply

Gold closed at $3,335.50/oz (-0.25%) as multiple reports said firmer U.S. inflation data reduced expectations for a large near-term Fed rate cut. Silver, platinum, and palladium fell more, reflecting the same macro pressure and a firmer-rate backdrop highlighted across coverage.

AI summaryWritten automatically with AI from 30 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 15, 2025

Gold $3,335.50 −0.25% 30d +0.4% Silver $37.73 −1.53% 30d −0.4% Platinum $1,335.00 −1.33% 30d −4.4% Palladium $1,126.00 −1.23% 30d −8.0%

Tone of the reports: Mixed

What happened

  1. Gold was pressured after U.S. price data: Reuters and Bloomberg said hotter inflation readings dimmed hopes for a large Fed cut, leaving gold headed for a weekly decline.

    SourcesReuters: Gold heads for weekly decline as US price data dims hopes of big Fed cutYahoo Finance: Gold Heads for Weekly Loss After Report Shows US Inflation SurgeEarlier news service: Gold set for weekly drop, US data dims large Fed rate cut hopesBusinessLine: Gold set for weekly decline as US inflation data dims Fed rate cut hopes

  2. Kitco reported that gold sold off after a hot U.S. PPI print (PPI up 0.9% in July), reinforcing the idea that inflation is not cooling fast enough for aggressive easing.

    SourcesKitco News: Gold price takes a hit as U.S. PPI jumps 0.9% in July | Kitco News2: Gold futures decline following hot PPI data despite dovish Fed ...

  3. Rate-cut expectations stayed in focus: a Reuters poll said most economists still expect the Fed to cut in September and once more later this year, even as the odds of a bigger cut cooled.

    SourcesReuters: US Fed to cut rates in September and once more this year, say most economists: Reuters poll2: Gold heads for weekly decline as US price data dims hopes of big Fed cutEarlier news service: Gold falls as hot US data lifts dollar, yields; cools hopes for jumbo Fed cut (Aug 14)

  4. Trade-policy headlines added uncertainty: Yahoo Finance said Trump stated Swiss gold bars would not be exempt from tariffs; Kitco also described “Swiss tariff drama” as weighing on sentiment.

    SourcesYahoo Finance: Trump tariffs live updates: Trump says semiconductor tariffs coming ...Kitco News: Wall Street pulls back from gold market after Swiss tariff drama, Main Street majority still expects gains during Fed-heavy week

  5. Geopolitics remained a background support: Bloomberg said traders were watching an Alaska summit, with Ukraine tensions still seen as supportive for gold’s broader rally even as day-to-day trading steadied.

    SourcesBloomberg: Metal Markets Hold Steady as Traders Look to Alaska Summit ...

  6. Physical-market signals were mixed: BusinessLine said a price pullback improved gold demand in India, while activity was muted elsewhere.

    SourcesBusinessLine: Gold: Price retreat buoys demand in India; activity muted elsewhereEarlier news service: Asia Gold: Price retreat buoys demand in India; activity muted elsewhere

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

  • UpcomingTrump-Putin meetingReuters said markets were watching it alongside Fed expectations; geopolitical risk can influence safe-haven demand for gold and moves in the dollar that affect metal prices in dollars.
  • SeptemberFed rate decisionReuters reporting and polling highlighted September as the likely first cut; shifting expectations around the size/timing of cuts has been a central driver for gold in this week’s coverage.
  • UpcomingAlaska summitBloomberg said traders were looking to the summit, with Ukraine tensions still seen as supportive for gold even as markets waited for clarity.

Metal by metal

Gold $3,335.50 −0.25%

Reuters and Bloomberg said hotter U.S. inflation data reduced expectations for a large Fed cut, leaving gold on track for a weekly decline. Several outlets also flagged tariff uncertainty around Swiss bars as an added sentiment headwind, while geopolitics and some physical buying on dips (India) were described as offsets.

Gold headlines

Silver $37.73 −1.53%

Coverage was thinner than for gold. FXEmpire said silver faced short-term pressure from strong U.S. data and a dollar rebound, while an “import” report argued central-bank buying could help support gold and silver.

Silver headlines

Platinum $1,335.00 −1.33%

No report focused on platinum.

Platinum headlines

Palladium $1,126.00 −1.23%

No report focused on palladium.

Palladium headlines

The day’s reports

28 reports, most important first, New York time.

  1. 8:00 PM Yahoo Finance · 8:00 PM Trump tariffs live updates: Trump says semiconductor tariffs coming ... Yahoo Finance reported that Trump said Swiss gold bars would not be exempt from tariffs.
  2. 8:00 PM Yahoo Finance · 8:00 PM▼ Reports a fall Gold Heads for Weekly Loss After Report Shows US Inflation Surge Gold headed for a weekly loss as hotter U.S. inflation reduced expectations for a Federal Reserve rate cut next month.
  3. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold falls as hot US data lifts dollar, yields; cools hopes for jumbo Fed cut (Aug 14) Gold fell as strong U.S. data lifted the dollar and yields, cooling hopes for a jumbo Fed cut.
  4. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold set for weekly drop, US data dims large Fed rate cut hopes Gold is set for a weekly drop as U.S. data weakens hopes for a large Fed rate cut.
  5. 8:43 AM Reuters · 8:43 AM▼ Reports a fall Gold heads for weekly decline as US price data dims hopes of big Fed cut Gold heads for a weekly decline as U.S. price data weakens hopes for a large Fed cut.
  6. 8:26 AM Reuters · 8:26 AM US Fed to cut rates in September and once more this year, say most economists: Reuters poll Most economists in a Reuters poll expect the Fed to cut rates in September and again later this year.
  7. 4:56 AM BusinessLine · 4:56 AM▼ Reports a fall Gold set for weekly decline as US inflation data dims Fed rate cut hopes Gold is set for a weekly decline as U.S. inflation data weakens hopes for Fed rate cuts.
  8. 8:00 PM Bloomberg · 8:00 PM Metal Markets Hold Steady as Traders Look to Alaska Summit ... Precious metals held steady as traders waited for the Alaska summit, with Ukraine tensions still seen as supporting gold's rally.
  9. 8:00 PM FXEmpire · 8:00 PM Gold News: Hot Inflation Data Caps Gold Gains, Dims Hopes for ... Hot U.S. inflation data capped gold's gains and dimmed hopes for a larger advance, even as a softer dollar offered brief support.
  10. 8:00 PM FXEmpire · 8:00 PM Gold (XAUUSD) and Silver Technical Analysis: Strong US Data ... Gold and silver face short-term pressure from strong U.S. inflation data and a dollar rebound, though both remain in bullish consolidation.
  11. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Asia Gold: Price retreat buoys demand in India; activity muted elsewhere Asia gold prices retreated, supporting demand in India while activity stayed muted elsewhere.
  12. 5:58 PM Kitco News · 5:58 PM Wall Street pulls back from gold market after Swiss tariff drama, Main Street majority still expects gains during Fed-heavy week Kitco says Wall Street pulled back from gold after Swiss tariff drama, while Main Street still expects gains during a Fed-heavy week.
  13. 10:25 AM Reuters · 10:25 AM▼ Reports a fall Dollar slips as data keep September rate cut on table; eyes on Trump-Putin meeting The dollar slips as data keep a September Fed rate cut in play.
  14. 10:00 AM Kitco News · 10:00 AM Preliminary Consumer Sentiment falls to 58.6 in August as inflation expectations rise Consumer sentiment fell in August while inflation expectations rose.
  15. 9:58 AM MINING.COM · 9:58 AM Gold Fields nears $2.4B Gold Road takeover ahead of vote Gold Fields is nearing a $2.4 billion takeover of Gold Road ahead of a shareholder vote.
  16. 8:30 AM Kitco News · 8:30 AM▼ Reports a fall Gold prices dip to session lows after U.S. retail sales rise 0.5% in July Gold prices fall to session lows after U.S. retail sales rise 0.5% in July.
  17. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold trades back above $3,340/oz after New York manufacturing index improves to 11.9 Spot gold moves back above $3,340 after a stronger New York manufacturing reading.
  18. 7:52 AM Kitco News · 7:52 AM▲ Reports a rise Gold price mildly up, supported by weaker USDX Gold prices are mildly higher, supported by a weaker dollar index.
  19. 5:55 AM argaam.com · 5:55 AM▲ Reports a rise Gold rises on weak dollar Gold rose as a weaker dollar reduced expectations for a 50-basis-point Fed cut.
  20. 4:47 AM BusinessLine · 4:47 AM Gold: Price retreat buoys demand in India; activity muted elsewhere Gold demand improved in India after a price pullback, while activity stayed muted elsewhere.
  21. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise UBS ups long-term gold price forecast to $2,800 on higher costs ... UBS raised its long-term gold forecast to $2,800 an ounce, citing higher costs and implying higher inflation-adjusted prices by 2030.
  22. 8:00 PM MINING.COM · 8:00 PM US Gold Imports By Country (2024) - MINING.COM MINING.COM published a page on U.S. gold imports by country in 2024.
  23. 8:29 AM FXStreet · 8:29 AM▼ Reports a fall Gold is preparing the ground for a long-term trend FXStreet says gold is setting up for a long-term trend after a pullback this week.
  24. 7:47 AM Kitco News · 7:47 AM Gold market analysis for August 15 - key intra-day price entry levels for active traders Kitco News gives intraday gold price entry levels for active traders.
  25. 7:18 AM BusinessLine · 7:18 AM How Sovereign Gold Bonds turned into wealth multipliers for investors BusinessLine says sovereign gold bonds have delivered strong returns for investors.
  26. 7:17 AM Investing.com · 7:17 AM Gold Stocks Show Strong Breadth, but Overbought Signals Flash Caution Gold stocks show strong breadth, but overbought signals are raising caution.
  27. 5:34 AM FXStreet · 5:34 AM▼ Reports a fall Silver price today: falls on August 15 Silver prices fell on August 15.
  28. 3:03 AM Yahoo Finance · 3:03 AM Seabridge Gold Confirms a Copper-Gold Porphyry Deposit at Snip North Seabridge Gold said drilling confirmed a copper-gold porphyry deposit at Snip North.

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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