Daily brief · Monday, August 18, 2025
Gold steadies near $3,332 as markets wait for Fed signals; silver outperforms
Gold finished little changed at $3,332.40 an ounce as traders kept attention on Federal Reserve messaging and shifting bond yields. Silver rose to $38.09 an ounce, with reports pointing to stronger ETF demand even as some physical-coin demand cools.
AI summaryWritten automatically with AI from 24 linked reports and our own price data, Oct 21, 2:05 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 18, 2025
Tone of the reports: Mixed
What happened
Gold trading was described as choppy, with multiple outlets saying markets are focused on Fed signals tied to Jackson Hole/major Fed events rather than fresh metal-specific news.
SourcesKitco News: Gold price modestly up as trader focus turns to major Fed event2: Gold sees choppy trading as Jackson Hole in focusBloomberg: Watch Gold Edges Up as Traders Look to Jackson Hole - Bloomberg
Reuters reported gold was supported earlier by softer yields, while attention also stayed on geopolitics, including a Trump-Zelenskiy meeting.
SourcesReuters: Gold gains on soft yields; focus on Trump-Zelenskiy meeting
Heraeus said central-bank gold demand has cooled, but argued potential Fed cuts could still be supportive for bullion.
World Gold Council data showed global gold ETF holdings rose to 3,639 tonnes, the highest since August 2022.
Flows looked mixed: a Tabula-marketed $1bn gold ETC was reported emptied by heavy redemptions, even as broader ETF holdings climbed.
SourcesEarlier news service: Tabula-marketed $1bn gold ETC emptied by huge redemptions2: Global Gold ETF holdings hit 3,639 tonnes, highest since August 2022: WGC bl-pr..
Kitco reported Türkiye’s gold imports fell to 2023 lows as investors rotated into silver, adding to the day’s silver-relative strength narrative.
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
Potential Fed cuts were cited by Heraeus as a supportive factor for bullion prices.
WGC data showing global gold ETF holdings at 3,639 tonnes (highest since August 2022) was presented as evidence of strengthening investment demand.
Reuters linked gold’s firmness to softer yields, which tends to improve the relative appeal of non-yielding assets like gold.
SourcesReuters: Gold gains on soft yields; focus on Trump-Zelenskiy meeting
The case for lower prices
Heraeus said central-bank gold demand has cooled, which can reduce a key source of physical demand.
A report said a Tabula-marketed $1bn gold ETC was emptied by heavy redemptions, highlighting potential outflows in parts of exchange-traded gold exposure.
SourcesEarlier news service: Tabula-marketed $1bn gold ETC emptied by huge redemptions
One report (dated Aug 17) said U.S. price data reduced hopes for a big Fed cut, a backdrop that can be less supportive for gold.
SourcesEarlier news service: GOLD prices higher as US price data dims hopes of big Fed cut
What to watch
- UpcomingJackson Hole Fed signalsSeveral reports said traders are waiting for Fed messaging from Jackson Hole/major Fed events to gauge the rate outlook, a key driver for gold and silver demand via yields and the dollar.
- UpcomingTrump-Zelenskiy meetingReuters said markets were focused on the meeting as part of the geopolitical backdrop being watched alongside yields.
Metal by metal
The day’s reports
33 reports, most important first, New York time.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Global Gold ETF holdings hit 3,639 tonnes, highest since August 2022: WGC bl-pr.. World Gold Council data show global gold ETF holdings hit 3,639 tonnes, the highest since August 2022.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS raises gold target price for end-March 2026 by $100 to $3 600/oz UBS raised its gold target for end-March 2026 by $100 to $3,600 an ounce.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Tabula-marketed $1bn gold ETC emptied by huge redemptions A tabula-marketed $1 billion gold ETC was emptied by heavy redemptions.
- 11:33 AM Kitco News · 11:33 AM Central bank gold demand cools but Fed cuts will boost bullion price, silver ETFs climb as coins slide – Heraeus Heraeus says central-bank gold demand has cooled, but Fed cuts could lift bullion; silver ETFs are rising while coin demand slips.
- 9:41 AM Reuters · 9:41 AM▲ Reports a rise Gold gains on soft yields; focus on Trump-Zelenskiy meeting Gold rises on softer yields as traders focus on the Trump-Zelenskiy meeting.
- 8:11 AM Kitco News · 8:11 AM▲ Reports a rise Gold price modestly up as trader focus turns to major Fed event Gold is modestly higher as traders await a major Federal Reserve event.
- 10:23 PM Reuters · 10:23 PM Vietnam's VPBank plans IPO for securities unit in November ... Reuters reports a gold mine in Argentina is seeking $665 million in investment under an incentive program.
- 8:00 PM Investing.com · 8:00 PM Gold: Royalty Models Outperform Traditional Miners in High-Cost ... Investing.com says royalty companies are outperforming traditional gold miners in a high-cost environment.
- 8:00 PM Investing.com · 8:00 PM▼ Reports a fall Commodities and Futures News - Investing.com Investing.com reports gold prices fell as geopolitical tensions eased and notes U.S. CPI and gold-bar tariff questions.
- 8:00 PM World Gold Council · 8:00 PM Weekly Markets Monitor: Pressure on at Jackson Hole | Post by ... The World Gold Council’s weekly monitor discusses market pressure, inflation expectations, and the outlook for gold.
- 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Gold prices edge higher; Russia-Ukraine, Jackson Hole symposium ... Spot gold edged higher as investors watched Russia-Ukraine developments and the Jackson Hole symposium.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold rebounds from two-week low; Trump-Zelenskiy meeting in focus Gold rebounds from a two-week low as the Trump-Zelenskiy meeting draws attention.
- 8:00 PM Yahoo Finance · 8:00 PM Terra Balcanica Intersects Gold Mineralization Over 72 m and Starts ... Terra Balcanica says it expanded gold mineralization at Brezani and started Phase III work.
- 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : The International Monetary System and the Canary in the Gol.. The World Gold Council published commentary on the international monetary system and gold.
- 8:00 PM Earlier news service · 8:00 PM TRAFIGURA Hires Traders for Deeper Push Into Gold and Silver Trafigura has hired traders to deepen its push into gold and silver trading.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD : Slips to $3,315 as Triangle Support Comes Into View Gold slipped to $3,315 as triangle support came into view.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS : Gold is 2025’s best performer. UBS sees more upside UBS says gold is 2025’s best performer and sees further upside.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise IRAQ’s gold reserves rise 4.7% in H1 2025 Iraq’s gold reserves rose 4.7% in the first half of 2025.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise WISDOMTREE : Gold seen reaching $3,850/oz by Q2 2026 after 'loading the spring' .. WisdomTree sees gold reaching $3,850 an ounce by the second quarter of 2026.
- 2:21 PM Kitco News · 2:21 PM▼ Reports a fall Türkiye’s gold imports fall to 2023 lows despite 47% gain against the lira as investors rotate into silver Türkiye's gold imports fall to 2023 lows as investors rotate into silver.
- 12:38 PM Bloomberg · 12:38 PM▲ Reports a rise Watch Gold Edges Up as Traders Look to Jackson Hole - Bloomberg Gold edges higher as traders look for Federal Reserve signals from Jackson Hole.
- 11:47 AM Kitco News · 11:47 AM Gold sees choppy trading as Jackson Hole in focus Gold sees choppy trading as markets await signals from Jackson Hole.
- 11:06 AM Action Forex · 11:06 AM Gold (XAU/USD) Hovers at $3350/oz, Russia-Ukraine Developments in Focus Gold holds around $3,350 an ounce after a choppy session, with Russia-Ukraine developments in focus.
- 8:00 PM Investing.com · 8:00 PM Easing, Inflation Targets, and Silicon Weapons: The 2025 Market ... Investing.com presents a market analysis covering gold, the dollar, stocks, and U.S. yields.
- 8:00 PM FXEmpire · 8:00 PM Gold Price Outlook – Gold Continues to See Buyers on Dips ... FXEmpire says gold continues attracting buyers on dips and has held a pattern of higher lows.
- 8:00 PM Earlier news service · 8:00 PM COMMERZBANK : Gold price between Ukraine hopes and waiting for Jackson Hole Commerzbank says gold is caught between Ukraine hopes and waiting for Jackson Hole.
- 8:00 PM Earlier news service · 8:00 PM GOLDMAN SACHS : Gold is more like Manhattan real estate than oil, according to G.. Goldman Sachs compared gold to Manhattan real estate in a market comment.
- 8:00 PM Earlier news service · 8:00 PM A 10% Gold Position Can Pay Off Big In Crises The article argues that holding 10% gold in a portfolio can help during crisis periods.
- 8:00 PM Earlier news service · 8:00 PM SAXO BANK : Gold and silver: still boxed in, waiting for the next catalyst Saxo Bank says gold and silver remain boxed in while traders wait for the next catalyst.
- 4:45 PM Kitco News · 4:45 PM▲ Reports a rise Gold and silver forecasts revised higher, but gains will be limited - StoneX’s Rhona O’Connell StoneX’s Rhona O’Connell says gold and silver forecasts were revised higher, though upside is expected to be limited.
- 2:17 PM Kitco News · 2:17 PM Only a matter of time before gold breaks its currency chains; mining stocks remain attractive - BCA’s Ibrahim A strategist says gold may break its currency ties, and mining stocks still look attractive.
- 8:16 AM Kitco News · 8:16 AM Gold market analysis for August 18 - key intra-day price entry levels for active traders Kitco's gold market analysis gives intraday price entry levels for active traders.
- 8:00 PM Earlier news service · 8:00 PM KINESIS Leads the 21st-Century Gold Standard with Digitalization of Precious Met.. Kinesis promoted digitalization of precious metals in a gold-standard themed message.
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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