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Daily brief · Friday, August 22, 2025

Gold ends slightly lower as Powell talk swings rate-cut expectations and the dollar

Gold closed at $3,334.25 an ounce (-0.12%) after a volatile day driven by Chair Powell’s Jackson Hole message and shifting rate-cut expectations. Silver, platinum, and palladium finished higher, but all four metals are down over the past 30 days, keeping buyers focused on near-term macro headlines and liquidity.

AI summaryWritten automatically with AI from 22 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 22, 2025

Gold $3,334.25 −0.12% 30d −2.3% Silver $38.01 +1.17% 30d −3.3% Platinum $1,339.00 +0.60% 30d −6.1% Palladium $1,124.00 +1.26% 30d −10.9%

Tone of the reports: Mixed

What happened

  1. Reuters reported Powell said rates may need to be cut, but the Fed will proceed carefully; markets took the message as dovish overall.

    SourcesReuters: Powell says rates may need to be cut, but Fed to proceed carefully2: Powell's Jackson Hole address fires up markets with dovish tilt

  2. Reuters reported stocks rallied and Treasury yields fell after Powell’s remarks opened the door to a possible September rate cut, a backdrop that often supports non-yielding assets like gold.

    SourcesReuters: Stocks rally, yields dip as Powell opens door to September rate cut2: Powell's Jackson Hole address fires up markets with dovish tilt

  3. Kitco News reported gold jumped after Powell said a policy adjustment may be warranted, but later coverage also flagged that inflation risk is still clouding the outlook even as rate-cut signals lift prices.

    SourcesKitco News: Gold prices jump as Powell says policy adjustment may be warranted2: Gold price gains as Powell signals rate cuts, but inflation risk clouds outlook

  4. Import-market coverage said gold slipped at points as the dollar firmed, and separately noted that volatile prices are stifling physical demand in key Asian hubs.

    SourcesEarlier news service: Gold slips as dollar firms, spotlight on Powell's Jackson Hole remarks2: Asia Gold: Volatile prices stifle gold demand in top Asian hubs3: Gold slips as dollar firms ahead of Powell's Jackson Hole speech

  5. Reuters reported former President Trump said he would fire Fed Governor Cook if she does not resign, adding another layer of U.S. policy uncertainty for markets to digest.

    SourcesReuters: Trump says he'll fire Fed's Cook if she doesn't resign over mortgage questions

  6. Several market/technical pieces leaned cautious into or around Powell’s remarks, including commentary about possible price exhaustion and bearish framing below a key moving average.

    SourcesInvesting.com: Gold: Weekly Close May Signal Ongoing Price Exhaustion ...FXEmpire: Gold (XAUUSD) Price Forecast: Bearish Below 50-Day MA as ...

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

  • Fri, Aug 22Powell Jackson Hole remarksReuters and Kitco tied the day’s swings in yields, the dollar, and gold to how markets interpreted Powell’s policy signal toward possible cuts and a cautious path forward.
  • SeptemberPossible Fed rate cutReuters and Kitco coverage said Powell’s comments opened the door to a September cut, which markets reflected via lower yields and stronger gold interest.

Metal by metal

Gold $3,334.25 −0.12%

Today’s reporting tied gold’s moves primarily to Powell’s Jackson Hole messaging and the dollar’s direction: Kitco highlighted rate-cut signals supporting prices, while import coverage noted periods where a firmer dollar pressured gold and that volatility has hurt physical buying in major Asian hubs. Separate coverage also pointed to supply/flow headlines, including Sudan restricting gold trade amid currency weakness.

Gold headlines

Silver $38.01 +1.17%

No report focused on silver.

Silver headlines

Platinum $1,339.00 +0.60%

No report focused on platinum.

Platinum headlines

Palladium $1,124.00 +1.26%

No report focused on palladium.

Palladium headlines

The day’s reports

25 reports, most important first, New York time.

  1. 11:52 AM Reuters · 11:52 AM Powell says rates may need to be cut, but Fed to proceed carefully Powell said rates may need to be cut, but the Fed will proceed carefully.
  2. 10:00 AM Kitco News · 10:00 AM▲ Reports a rise Gold prices jump as Powell says policy adjustment may be warranted Gold prices jumped after Powell said a policy adjustment may be warranted.
  3. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall Gold slips as dollar firms, spotlight on Powell's Jackson Hole remarks Gold slipped as the dollar firmed ahead of Powell's Jackson Hole remarks.
  4. 5:36 PM Kitco News · 5:36 PM▲ Reports a rise Gold price gains as Powell signals rate cuts, but inflation risk clouds outlook Gold gained after Powell signaled rate cuts, though inflation risks still cloud the outlook.
  5. 3:35 PM Kitco News · 3:35 PM▲ Reports a rise Wall Street, Main Street bullish on gold as Powell opens door to September rate cut Kitco said Wall Street and Main Street are bullish on gold after Powell opened the door to a September rate cut.
  6. 1:32 PM Reuters · 1:32 PM Trump says he'll fire Fed's Cook if she doesn't resign over mortgage questions Trump said he would fire Fed Governor Cook if she does not resign over mortgage questions.
  7. 1:04 PM Reuters · 1:04 PM Stocks rally, yields dip as Powell opens door to September rate cut Stocks rallied and yields fell after Powell opened the door to a September rate cut.
  8. 12:04 PM Reuters · 12:04 PM Powell's Jackson Hole address fires up markets with dovish tilt Powell's Jackson Hole speech gave markets a dovish lift.
  9. 10:57 AM Reuters · 10:57 AM▲ Reports a rise Gold Fields boosts dividend as profit triples on record bullion prices Gold Fields raised its dividend after profit tripled on record bullion prices.
  10. 10:10 AM Reuters · 10:10 AM Fed's Powell announces policy framework tweaks for changed economic landscape Powell announced Fed policy framework tweaks to fit a changed economic landscape.
  11. 8:39 AM Reuters · 8:39 AM Volatile prices stifle gold demand in top Asian hubs Reuters says volatile prices are reducing gold demand in major Asian hubs.
  12. 3:00 AM CNBC · 3:00 AM▲ Reports a rise Gold gains as Powell's comments fuel rate cut hopes Gold is rebounding as Powell's comments lift expectations for a rate cut.
  13. 8:00 PM Investing.com · 8:00 PM Gold Shines Amid Fed's Dilemma: Top Mining Stocks to Watch ... The article highlights gold and mining stocks amid the Fed's policy dilemma.
  14. 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise Gold Mining ETF (RING) Hits New 52-Week High A gold mining ETF hit a new 52-week high as gold prices and rate-cut hopes rose.
  15. 8:00 PM Earlier news service · 8:00 PM Asia Gold: Volatile prices stifle gold demand in top Asian hubs Volatile gold prices are stifling demand in major Asian gold hubs.
  16. 3:52 PM MINING.COM · 3:52 PM Americas Gold & Silver hits bonanza grades at Galena in Idaho ... Americas Gold & Silver reported bonanza grades at its Galena mine in Idaho.
  17. 8:08 AM Kitco News · 8:08 AM▼ Reports a fall Gold price weaker as markets anxiously await Powell speech Gold prices are weakening while markets wait for Powell's speech.
  18. 8:00 PM Yahoo Finance · 8:00 PM Texas Precious Metals Named a Headline Sponsor of the 2025 ... Texas Precious Metals was named a headline sponsor of the 2025 event.
  19. 8:00 PM FXEmpire · 8:00 PM Gold (XAUUSD) Price Forecast: Bearish Below 50-Day MA as ... The article gives a bearish gold price forecast ahead of Powell's remarks.
  20. 8:00 PM Investing.com · 8:00 PM Gold: Weekly Close May Signal Ongoing Price Exhaustion ... The weekly close may point to ongoing exhaustion in gold prices.
  21. 8:00 PM Yahoo Finance · 8:00 PM B vs. KGC: Which Gold Mining Stock Is the Better Bet Now? The piece compares two gold mining stocks and asks which looks better now.
  22. 8:00 PM Earlier news service · 8:00 PM Gold diggers follow the money The article examines how gold investors and miners are following the money.
  23. 6:18 PM Kitco News · 6:18 PM Harvard "jumped the shark" and bought gold and Bitcoin; will other public funds follow The piece says Harvard bought gold and Bitcoin and asks whether other public funds will follow.
  24. 11:22 AM Yahoo Finance · 11:22 AM U.S. Gold adopts Glencore’s Jameson Cell tech for CK Gold Project U.S. Gold is adopting Glencore Technology's Jameson Cells for its CK Gold Project.
  25. 7:51 AM Kitco News · 7:51 AM Gold market analysis for August 22 - key intra-day price entry levels for active traders Kitco provides intraday gold 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.

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