• Gold Ask $3,970.01 +$12.69 (+0.32%)
  • Silver Ask $50.06 −$0.19 (−0.38%)
  • Platinum Ask $1,430.02 −$2.18 (−0.15%)
  • Palladium Ask $948.49 +$3.35 (+0.35%)
Delayed · Ask prices as of
Type at least two characters for suggestions. Use the down arrow to browse suggestions, or press Enter to see all results.
(646) 362-3536
Account
Sell to Us
Cart 0 items

Daily brief · Wednesday, August 20, 2025

Gold steadies near recent lows as markets parse Fed minutes ahead of Jackson Hole

Gold closed higher while silver and platinum fell. Reports tied gold’s resilience to a softer dollar and heavy focus on the Fed’s latest meeting minutes and the upcoming Jackson Hole gathering.

AI summaryWritten automatically with AI from 14 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 20, 2025

Gold $3,344.65 +0.31% 30d −1.2% Silver $37.08 −2.61% 30d −3.6% Platinum $1,338.00 −0.67% 30d −8.0% Palladium $1,127.00 +0.00% 30d −11.4%

Tone of the reports: Mixed

What happened

  1. Gold firmed as the dollar weakened, with traders focused on the Fed minutes and the Jackson Hole meeting for clues on rates.

    SourcesReuters: Gold firms as dollar weakens, focus on Fed minutes and Jackson Hole

  2. Kitco said gold held onto gains after the FOMC minutes showed the Federal Reserve remains hesitant to cut rates.

    SourcesKitco News: Gold prices holding gains as FOMC minutes show Federal Reserve remains hesitant to cut rates

  3. Reuters noted gold has been hovering near three-week lows ahead of Jackson Hole, underscoring how cautious positioning has been into the event.

    SourcesReuters: Gold hovers near three-week lows before Jackson Hole summit

  4. UBS raised its Q2 2026 gold target to $3,600/oz and said gold demand is the strongest since 2011.

    SourcesKitco News: UBS raises Q2 2026 gold price target to $3,600/oz, sees strongest gold demand since 2011

  5. Fitch BMI raised its 2025 gold price forecast to $3,250/oz and maintained a slightly bullish view on gold.

    SourcesEarlier news service: Fitch BMI raises 2025 gold price forecast to $3,250/oz, maintains slightly bull..

  6. Physical-flow headlines stayed active: Swiss gold shipments to the U.S. surged in July, and separate reporting said Swiss exports to the U.S. were boosted by gold ahead of a 39% tariff.

    SourcesEarlier news service: SWISS gold shipments to US soared in July2: SWITZERLAND : Gold and Watches Boost Swiss Exports to US Before 39% Tariff

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 conferenceReuters and Kitco framed it as a key catalyst for rate expectations, which often drives gold pricing via the dollar and real-rate outlook.
  • UpcomingPowell keynote speechKitco said Fed Chair Powell’s remarks could be the next catalyst for gold markets.

Metal by metal

Gold $3,344.65 +0.31%

Reuters reported gold firmed as the dollar weakened, while attention stayed on the Fed minutes and the upcoming Jackson Hole event for rate signals. Kitco added that the minutes showed the Fed remains hesitant to cut, which helped explain why gold held gains despite rate uncertainty.

Gold headlines

Silver $37.08 −2.61%

Coverage was thin. Yahoo Finance included silver alongside broader commodity strength in its market wrap, but today’s metals-specific reports were mainly about gold.

Silver headlines

Platinum $1,338.00 −0.67%

No report focused on platinum.

Platinum headlines

Palladium $1,127.00 +0.00%

No report focused on palladium.

Palladium headlines

The day’s reports

31 reports, most important first, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Fitch BMI raises 2025 gold price forecast to $3,250/oz, maintains slightly bull.. Fitch BMI raised its 2025 gold price forecast to $3,250 an ounce and kept a bullish view.
  2. 2:24 PM Kitco News · 2:24 PM▲ Reports a rise Gold prices holding gains as FOMC minutes show Federal Reserve remains hesitant to cut rates Gold held gains after FOMC minutes showed the Federal Reserve remains hesitant to cut rates.
  3. 12:49 PM Kitco News · 12:49 PM▲ Reports a rise UBS raises Q2 2026 gold price target to $3,600/oz, sees strongest gold demand since 2011 UBS lifted its Q2 2026 gold target to $3,600 an ounce and said gold demand is the strongest since 2011.
  4. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise MORGAN STANLEY : Gower: Further Upside in Gold Driven by Falling USD Morgan Stanley's Gower sees further upside in gold as the U.S. dollar falls.
  5. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHINESE jeweller Laopu Gold shines as earnings nearly triple on sales bump at ho.. Chinese jeweller Laopu Gold reported nearly tripled earnings after a sales bump.
  6. 8:00 PM Earlier news service · 8:00 PM WGC : Gold performance in 2025 so far The World Gold Council reviews gold’s performance so far in 2025.
  7. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS : Range-bound gold has further to run UBS said range-bound gold still has more room to rise.
  8. 8:00 PM Earlier news service · 8:00 PM SWISS July gold exports steady month on month Swiss gold exports were steady in July compared with the previous month.
  9. 8:00 PM Earlier news service · 8:00 PM Gold holds range-bound as investors await Jackson Hole symposium Gold is holding in a range as investors wait for the Jackson Hole symposium.
  10. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SWISS gold shipments to US soared in July Swiss gold shipments to the U.S. surged in July.
  11. 8:00 PM Earlier news service · 8:00 PM CME GROUP : Options for Navigating Metals Market Uncertainty CME Group highlights options for navigating uncertainty in the metals market.
  12. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SWITZERLAND : Gold and Watches Boost Swiss Exports to US Before 39% Tariff Swiss exports to the U.S. were boosted by gold and watches before a 39% tariff.
  13. 8:00 PM Earlier news service · 8:00 PM HARVARD MANAGEMENT Co. Adds Bitcoin, Gold; Slashes Tech Holdings Harvard Management added bitcoin and gold while sharply cutting tech holdings.
  14. 5:55 PM Kitco News · 5:55 PM▲ Reports a rise Gold Bull Market Gains Strength with High Prices, M&A Momentum, and U.S. Policy Support Kitco says the gold bull market is strengthening on high prices, M&A activity and U.S. policy support.
  15. 12:31 PM Reuters · 12:31 PM▲ Reports a rise Gold firms as dollar weakens, focus on Fed minutes and Jackson Hole Gold firmed as the dollar weakened, with focus on Fed minutes and Jackson Hole.
  16. 11:15 AM Kitco News · 11:15 AM▲ Reports a rise Gold, silver rally as U.S. stock indexes sell off Gold and silver rallied as U.S. stock indexes sold off.
  17. 11:02 AM Kitco News · 11:02 AM Fed meeting minutes will expose dissent, Powell’s keynote speech could signal pivot – Experts Kitco says Fed minutes and Powell's Jackson Hole speech could signal a policy pivot.
  18. 8:38 AM Reuters · 8:38 AM▼ Reports a fall Gold hovers near three-week lows before Jackson Hole summit Gold is hovering near three-week lows before the Jackson Hole summit.
  19. 7:59 AM Kitco News · 7:59 AM▲ Reports a rise Price gains for gold as FOMC minutes on deck Kitco says gold gained as traders looked ahead to the FOMC minutes.
  20. 7:10 AM Benzinga · 7:10 AM Institutions Keep Raising The Gold Bar Despite Short-Term Technical Weakness - VanEck Gold Miners ETF (ARCA:GDX), VanEck Junior Gold Miners ETF (ARCA:GDXJ) Benzinga says institutions are still raising gold-price forecasts despite short-term technical weakness.
  21. 8:00 PM Earlier news service · 8:00 PM The Rise Of PERTH MINT Coins In Modern Investment Portfolios The article examines the rise of Perth Mint coins in modern investment portfolios.
  22. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Eyes $3383/oz After Bullish Pennant Breakout. Will Fed Chair Powell Add Fuel to .. The article looks for gold to reach $3,383 an ounce after a bullish breakout, with Powell's Jackson Hole remarks as a possible catalyst.
  23. 8:00 PM Earlier news service · 8:00 PM Gold’s Volatility Squeeze Signals a Big Move Ahead Gold’s tight volatility may signal a larger price move ahead.
  24. 8:00 PM Earlier news service · 8:00 PM Can TOKENIZED Gold Overtake Bitcoin in Today’s Financial Landscape The article asks whether tokenized gold could surpass bitcoin in today’s financial markets.
  25. 8:00 PM Earlier news service · 8:00 PM ABAXX : Demand for Physical Gold Is Still High, Says Abaxx CEO Abaxx said physical gold demand remains strong.
  26. 8:00 PM Earlier news service · 8:00 PM $3,336 Support Holds as Traders Await Jackson Hole Gold held support at $3,336 as traders waited for Jackson Hole.
  27. 8:00 PM Earlier news service · 8:00 PM PERU is the Latam’s top gold miner Peru was named Latin America's top gold miner.
  28. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD is losing its lustre as a safe investment, research finds A research report said gold is losing its appeal as a safe investment.
  29. 8:00 PM Earlier news service · 8:00 PM WGC : INDIA gold market update: Festive prep begins WGC says India's gold market is preparing for the festive season.
  30. 12:21 PM Kitco News · 12:21 PM Gold can ‘float’ to $3,600, but it won’t outperform silver and platinum - MKS’ Nicky Shiels A Kitco interview says gold could reach $3,600, but silver and platinum may outperform it.
  31. 8:06 AM Kitco News · 8:06 AM Gold market analysis for August 20 - key intra-day price entry levels for active traders Kitco published a gold market analysis with key intraday price levels for active traders.

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.

Live precious metals pricesGold price chartPrice timelineMarket moodNews archivePremiums over spotWhat we pay todayThe Journal