Daily brief · Tuesday, August 19, 2025
Gold little changed as dollar and yields eased, with Jackson Hole in focus
Gold ended nearly flat while traders waited for the Federal Reserve’s Jackson Hole meeting and Fed Chair Powell’s remarks. Reports pointed to a tug-of-war between near-term caution ahead of the event and longer-term support from ETF flows and strategic allocation stories.
AI summaryWritten automatically with AI from 22 linked reports and our own price data, Oct 21, 3:28 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 19, 2025
Tone of the reports: Mixed
What happened
Reuters linked early support for gold to a weaker U.S. dollar and lower Treasury yields as markets positioned ahead of Jackson Hole.
SourcesReuters: Gold gains on weakness in dollar, yields; Jackson Hole summit in focus
Later in the day, Reuters said gold slipped as investors stayed on the sidelines waiting for the Fed’s Jackson Hole conference.
SourcesReuters: Gold falls as investors await Fed's Jackson Hole conference
Kitco said gold and silver were pressured by technical selling and position-evening ahead of a major market event.
SourcesKitco News: Gold, silver down on technical selling, position evening ahead of ...
Kitco noted gold was steady after U.S. housing construction rose 2.5%, with attention still on the next Fed catalyst.
SourcesKitco News: Gold prices holding steady as U.S. housing construction rises 2.5 ...
World Gold Council data showed global gold ETF holdings at 3,639 tonnes, the highest since August 2022.
A Tabula-marketed $1 billion gold ETC was reported as being emptied by heavy redemptions, highlighting uneven product-level flows even as broader ETF holdings rose.
SourcesEarlier news service: Tabula-marketed $1bn gold ETC emptied by huge redemptions
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
A weaker dollar and lower yields were described as supportive for gold in the run-up to Jackson Hole.
SourcesReuters: Gold gains on weakness in dollar, yields; Jackson Hole summit in focus
UBS raised its gold target for end-March 2026 by $100 to $3,600/oz.
SourcesEarlier news service: UBS raises gold target price for end-March 2026 by $100 to $3 600/oz
World Gold Council figures showed global gold ETF holdings at 3,639 tonnes, the highest since August 2022, a data point typically associated with stronger investment demand.
Yahoo Finance said gold has been surging as tariffs and fiscal concerns support the metal.
SourcesYahoo Finance: Trump tariffs live updates: US keeps AA+ rating as tariffs aid fiscal ...
The case for lower prices
Reuters said gold fell as investors waited for the Fed’s Jackson Hole conference, reflecting event-driven caution.
SourcesReuters: Gold falls as investors await Fed's Jackson Hole conference
Kitco attributed weakness in gold and silver to technical selling and position-evening ahead of a major market event.
SourcesKitco News: Gold, silver down on technical selling, position evening ahead of ...
A Tabula-marketed $1 billion gold ETC was reported as being emptied by heavy redemptions.
SourcesEarlier news service: Tabula-marketed $1bn gold ETC emptied by huge redemptions
Investing.com reported gold prices fell as geopolitical tensions eased.
SourcesInvesting.com: Commodities and Futures News - Investing.com
What to watch
- UpcomingJackson Hole conferenceMultiple reports said positioning and price action in gold are being shaped by the Fed gathering and what it signals for rates, the dollar, and yields, which matter for bullion pricing (Reuters; Kitco).
- UpcomingPowell keynote speechKitco said Fed Chair Powell’s keynote could be the next catalyst for gold, implying markets may react quickly to any change in policy tone.
Metal by metal
The day’s reports
17 reports, most important first, New York time.
- 9:56 AM Reuters · 9:56 AM▲ Reports a rise Gold gains on weakness in dollar, yields; Jackson Hole summit in focus Gold rose as a weaker dollar and lower yields supported prices ahead of the Jackson Hole summit.
- 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise Trump tariffs live updates: US keeps AA+ rating as tariffs aid fiscal ... Yahoo Finance says gold has been surging as tariffs and fiscal concerns support the metal.
- 8:00 PM Kitco News · 8:00 PM Fed Chair Powell's keynote speech could be next catalyst for gold ... Kitco says Fed Chair Powell's speech could be the next catalyst for gold.
- 8:00 PM Kitco News · 8:00 PM▼ Reports a fall Gold, silver down on technical selling, position evening ahead of ... Kitco says gold and silver fell on technical selling and position evening before a major market event.
- 8:00 PM Kitco News · 8:00 PM Gold prices holding steady as U.S. housing construction rises 2.5 ... Kitco says gold prices were steady after U.S. housing construction data rose 2.5%.
- 8:00 PM Earlier news service · 8:00 PM Gold steadies ahead of Fed's Jackson Hole symposium Gold steadied ahead of the Fed's Jackson Hole symposium.
- 8:00 PM Earlier news service · 8:00 PM Gold steadies ahead of Fed's Jackson Hole summit Gold steadied ahead of the Fed's Jackson Hole summit.
- 5:55 PM Reuters · 5:55 PM▼ Reports a fall Gold falls as investors await Fed's Jackson Hole conference Reuters says gold fell as investors waited for the Fed's Jackson Hole conference.
- 11:42 AM Kitco News · 11:42 AM Gold performs more like luxury real estate than a commodity – Goldman Sachs Gold was described by Goldman Sachs as behaving more like luxury real estate than a commodity.
- 10:47 AM Reuters · 10:47 AM Argentina’s Gualcamayo gold mine eyes $665 million investment under incentive program Argentina's Gualcamayo gold mine is seeking $665 million of investment under an incentive program.
- 8:05 AM Kitco News · 8:05 AM▲ Reports a rise Gold price up a bit in quieter trading as Jackson Hole looms Kitco says gold is up slightly in quiet trading ahead of Jackson Hole.
- 8:00 PM Yahoo Finance · 8:00 PM From Crude Oil To Wheat, Commodities Trade Like The Ukraine ... Yahoo Finance says commodities have been trading strongly, with gold and silver both higher.
- 8:00 PM Kitco News · 8:00 PM▼ Reports a fall Gold Could Break Below the 100-Day SMA, Golds Current Technical ... Kitco says gold could break below its 100-day moving average in a technical setup.
- 5:47 PM Kitco News · 5:47 PM▲ Reports a rise “Sanctions are for losers” and tariffs are a “Dumbo tax” as the dollar weakens and gold rises - Steve Hanke Steve Hanke says sanctions and tariffs hurt the dollar, while gold rises.
- 7:35 AM Kitco News · 7:35 AM Gold market analysis for August 19 - key intra-day price entry levels for active traders Kitco publishes intraday gold market analysis and key price entry levels for active traders.
- 2:08 AM Bloomberg · 2:08 AM Watch Asia's Richest Families Are on a Gold Hustle - Bloomberg Bloomberg says Asia’s richest families are buying and flipping gold for trading gains.
- 8:00 PM Earlier news service · 8:00 PM BC-Gold Futures Gold futures were quoted in a market update.
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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