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

Tone of the reports: Mixed

What happened

  1. 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

  2. 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

  3. 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 ...

  4. 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 ...

  5. World Gold Council data showed global gold ETF holdings at 3,639 tonnes, the highest since August 2022.

    SourcesEarlier news service: Global Gold ETF holdings hit 3,639 tonnes, highest since August 2022: WGC bl-pr..

  6. 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

The case for lower prices

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

Gold $3,334.45 +0.06%

Reports framed gold as rangebound ahead of Jackson Hole, with day-to-day moves tied to the dollar, yields, and pre-event positioning (Reuters; Kitco). Longer-horizon framing was more supportive: UBS raised its end-March 2026 gold target to $3,600/oz, and the World Gold Council reported global gold ETF holdings at their highest since August 2022, though one large gold ETC saw heavy redemptions.

Gold headlines

Silver $38.07 −0.04%

Silver coverage was light. Kitco said silver fell with gold on technical selling and position-evening ahead of a major market event.

Silver headlines

Platinum $1,347.00 +0.75%

No report focused on platinum.

Platinum headlines

Palladium $1,127.00 +0.27%

No report focused on palladium.

Palladium headlines

The day’s reports

17 reports, most important first, New York time.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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%.
  6. 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.
  7. 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.
  8. 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.
  9. 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. 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.
  11. 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.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.