Daily brief · Tuesday, August 26, 2025
Gold closes at $3,367.10 as Fed-firing shock weakens dollar; palladium slides
Gold finished higher at $3,367.10/oz (+0.99%) as reports tied buying to fresh political risk around the Federal Reserve and a softer U.S. dollar. Silver and platinum also closed higher, while palladium fell sharply on the day.
AI summaryWritten automatically with AI from 20 linked reports and our own price data, Oct 21, 2:06 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 26, 2025
Tone of the reports: Leaning higher
What happened
Reuters reported the dollar slipped after Trump’s move to fire Fed Governor Cook rattled investors, a setup that tended to support dollar-priced metals today.
SourcesReuters: Dollar trades lower as Trump's move to fire Fed governor spooks investors
Reuters reported gold hit a two-week high after Trump said he was firing a Fed governor, with the move seen as increasing uncertainty around the Fed.
SourcesReuters: Gold hits two-week peak after Trump says he is firing Fed governor2: Gold hits two-week high after Trump attempts to fire Fed Governor Cook
Kitco said the Cook firing roiled markets and Capitol Hill, helping push gold toward the edge of $3,390/oz in intraday trade.
SourcesKitco News: Trump’s firing of Fed Governor Cook roils markets and Capitol Hill, boosts gold to the edge of $3,390/oz2: Gold gains on uncertainty surrounding Trump firing Fed official
Kitco reported U.S. durable goods orders fell 2.8% in July, and it linked the weaker data to firmer gold prices.
SourcesKitco News: Gold rises to $3,377/oz after U.S. durable goods decline -2.8% in July
Kitco reported India may remove limits on gold ETF holdings in pension investments, which it said could boost investment demand for gold.
A separate report said China’s net gold imports via Hong Kong more than doubled in July, pointing to stronger cross-border flows into the mainland market.
SourcesEarlier news service: China's net gold imports via Hong Kong more than doubled in July
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
Heightened uncertainty around the Fed’s independence, combined with a weaker dollar, supported safe-haven demand for gold in today’s reporting.
SourcesReuters: Dollar trades lower as Trump's move to fire Fed governor spooks investors2: Gold hits two-week peak after Trump says he is firing Fed governor3: Gold hits two-week high after Trump attempts to fire Fed Governor CookKitco News: Trump’s firing of Fed Governor Cook roils markets and Capitol Hill, boosts gold to the edge of $3,390/oz2: Gold gains on uncertainty surrounding Trump firing Fed official
Rate-cut expectations remained a supportive theme in multiple write-ups following Powell’s Jackson Hole remarks, which several outlets said helped gold.
SourcesInvesting.com: Gold Climbed As Powell's Jackson Hole Remarks Boosted Rate Cut ...Earlier news service: ING : Gold jumps as Powell signals rate cutsFXStreet: Gold price rises noticeably after Powell speech – CommerzbankAction Forex: Gold (XAU/USD) Technical: Push up Towards Medium-Term Range Resistance Zone as Fed’s Independence Erodes
Potential demand catalysts: Kitco highlighted India’s possible pension-rule change for gold ETFs, and another report cited a jump in China’s net gold imports via Hong Kong.
SourcesKitco News: India may remove limits on gold ETFs in pension investments, supercharging investment demandEarlier news service: China's net gold imports via Hong Kong more than doubled in July
The case for lower prices
Yahoo Finance framed the market as consolidating above $3,300 with investors waiting for clearer Fed signals, implying less urgency from buyers at these levels.
SourcesYahoo Finance: Gold Prices Consolidate Above $3,300 as Markets Await Fed Signals
Action Forex described gold as pushing up toward a medium-term resistance zone, which can slow or stall rallies if buyers do not follow through.
Investing.com discussed the risk that a stronger U.S. dollar could limit how long related gold strength can persist, a headwind angle for bullion pricing.
SourcesInvesting.com: Gold Miners' Rally: How Long Can Strength Against US Dollar Last ...
Metal by metal
The day’s reports
20 reports, most important first, New York time.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold hits 2-week high as dollar dips after Trump fires Fed's Cook Gold hits a two-week high as the dollar weakens after Trump fires Fed's Cook.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise China's net gold imports via Hong Kong more than doubled in July China's net gold imports via Hong Kong more than doubled in July.
- 3:53 PM Reuters · 3:53 PM▼ Reports a fall Dollar trades lower as Trump's move to fire Fed governor spooks investors The dollar falls as Trump's move to fire a Fed governor rattles investors.
- 3:23 PM Kitco News · 3:23 PM▲ Reports a rise India may remove limits on gold ETFs in pension investments, supercharging investment demand India may remove limits on gold ETF investments in pensions, which could boost gold investment demand.
- 2:19 PM Reuters · 2:19 PM▲ Reports a rise Gold hits two-week high after Trump attempts to fire Fed Governor Cook Gold hit a two-week high after Trump attempted to fire Fed Governor Cook.
- 12:26 PM Kitco News · 12:26 PM▲ Reports a rise Trump’s firing of Fed Governor Cook roils markets and Capitol Hill, boosts gold to the edge of $3,390/oz Gold surged toward $3,390 an ounce as Trump's firing of Fed Governor Cook rattled markets and lawmakers.
- 12:12 PM Kitco News · 12:12 PM▲ Reports a rise Gold gains on uncertainty surrounding Trump firing Fed official Gold gained on uncertainty surrounding Trump's move against a Federal Reserve official.
- 9:56 AM Reuters · 9:56 AM▲ Reports a rise Gold hits two-week peak after Trump says he is firing Fed governor Gold hit a two-week peak after Trump said he was firing a Fed governor.
- 8:53 AM Action Forex · 8:53 AM▲ Reports a rise XAU/USD: Gold Rises After Trump’s Latest Move to Fire Fed Governor Deepened Uncertainty Gold rose to a two-week high as Trump's move against a Fed governor deepened market uncertainty.
- 8:37 AM Kitco News · 8:37 AM▲ Reports a rise Gold rises to $3,377/oz after U.S. durable goods decline -2.8% in July Gold climbed to $3,377 an ounce after U.S. durable goods orders fell 2.8% in July.
- 7:54 AM Kitco News · 7:54 AM▲ Reports a rise Gold price modestly up as Trump says he fired Fed governor Gold edged higher after Trump said he fired a Federal Reserve governor.
- 5:20 AM Action Forex · 5:20 AM▲ Reports a rise Gold (XAU/USD) Technical: Push up Towards Medium-Term Range Resistance Zone as Fed’s Independence Erodes Gold is trading firmer as expectations rise for a September Fed rate cut.
- 10:06 AM Kitco News · 10:06 AM Gold prices holding steady as U.S. consumer confidences drops slightly to 97.4 Gold prices held steady as U.S. consumer confidence slipped slightly to 97.4.
- 7:05 AM FXStreet · 7:05 AM▲ Reports a rise Gold price rises noticeably after Powell speech – Commerzbank Commerzbank says gold rose noticeably after Powell's speech.
- 8:00 PM Investing.com · 8:00 PM Gold Miners' Rally: How Long Can Strength Against US Dollar Last ... An Investing.com article examines how gold miners' strength may hold against a stronger U.S. dollar.
- 8:00 PM Yahoo Finance · 8:00 PM Alamos Gold Releases 2024 Annual ESG Report Alamos Gold releases its 2024 annual ESG report.
- 6:14 PM Kitco News · 6:14 PM Scottsdale Mint's Josh Phair says London "no longer the top jurisdiction" for gold Scottsdale Mint's Josh Phair says London is no longer the top jurisdiction for gold.
- 1:36 PM Kitco News · 1:36 PM Zang warns "Genius Act" will trigger hyperinflation, sees "globally coordinated" gold confiscation ahead An expert warned the Genius Act could trigger hyperinflation and global coordination to confiscate gold.
- 7:38 AM Kitco News · 7:38 AM Gold market analysis for August 26 - key intra-day price entry levels for active traders Kitco posts gold market analysis for August 26 with intraday entry levels.
- 8:00 PM Investing.com · 8:00 PM Trump/Cook, Nissan weakness, more tariffs and gold - what's ... An Investing.com roundup discusses Trump, Nissan weakness, more tariffs and gold.
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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