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Daily brief · Friday, August 29, 2025

Gold ends August near records as inflation data fuels rate-cut talk; silver slips

Gold closed at $3,429.15 an ounce (+0.63%) as several reports tied the move to U.S. inflation data and rising expectations the Fed could cut rates. Silver finished lower at $38.80 (-0.35%), while platinum was little changed at $1,347.00 (+0.15%) and palladium fell to $1,094.00 (-0.73%).

AI summaryWritten automatically with AI from 16 linked reports and our own price data, Oct 21, 2:07 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 29, 2025

Gold $3,429.15 +0.63% 30d +3.8% Silver $38.80 −0.35% 30d +2.3% Platinum $1,347.00 +0.15% 30d −3.0% Palladium $1,094.00 −0.73% 30d −12.9%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold was on track for its best month in four as inflation data bolstered expectations for rate cuts.

    SourcesReuters: Gold on track for best month in four as inflation data bolsters rate cut bets

  2. Kitco said gold held support above $3,400 after U.S. core PCE inflation rose 2.9% over the last 12 months.

    SourcesKitco News: Gold holds support above $3,400 as U.S. core PCE rises 2.9% in the last 12 months

  3. Kitco reported gold jumped after the final August consumer sentiment reading fell to 58.2 and inflation expectations rose.

    SourcesKitco News: Gold sharply higher as final Consumer Sentiment falls to 58.2 in August, inflation expectations rise2: Ernest Hoffman

  4. Kitco said gold ended August at record highs, with market attention turning to the $3,500 level as a key focus point in coverage.

    SourcesKitco News: Gold price ending August at record highs: All eyes now on $3,500

  5. MINING.COM reported Burkina Faso’s nationalization move rattled West Africa’s gold sector and forced West African Resources into a trading halt, highlighting geopolitical/supply-side risk in the gold-mining backdrop.

    SourcesMINING.COM: Burkina Faso's nationalization rattles West Africa's gold sector ...

  6. Reuters quoted Northam’s CEO saying platinum miners are “not out of the woods” despite a recent price rally, framing the platinum story as still under pressure at the producer level.

    SourcesReuters: Northam CEO says platinum miners not out of the woods despite price rally

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

  • UpcomingU.S. inflation dataReuters reported markets were awaiting U.S. inflation data, which can move rate-cut expectations and in turn affect gold pricing.

Metal by metal

Gold $3,429.15 +0.63%

Coverage emphasized firm demand around U.S. inflation and sentiment data, with multiple outlets describing gold as near record highs and supported by shifting rate-cut expectations and a weaker U.S. dollar. Kitco also framed the $3,500 level as the next widely watched marker in market commentary.

Gold headlines

Silver $38.80 −0.35%

Coverage was thin in today’s reports; one item described silver at decade highs with strong annual gains, but there was little additional detail on today’s drivers.

Silver headlines

Platinum $1,347.00 +0.15%

Reuters’ coverage focused on producer stress: Northam’s CEO said platinum miners are still not out of the woods even after a price rally, suggesting the industry backdrop remains difficult.

Platinum headlines

Palladium $1,094.00 −0.73%

No report focused on palladium.

Palladium headlines

The day’s reports

18 reports, most important first, New York time.

  1. 3:43 PM Kitco News · 3:43 PM▲ Reports a rise Gold price ending August at record highs: All eyes now on $3,500 Gold ended August at record highs, with attention turning to the $3,500 level.
  2. 11:07 AM MINING.COM · 11:07 AM Burkina Faso's nationalization rattles West Africa's gold sector ... Burkina Faso's nationalization is rattling West Africa's gold sector and forcing West African Resources into a trading halt.
  3. 11:03 AM Reuters · 11:03 AM▲ Reports a rise Gold on track for best month in four as inflation data bolsters rate cut bets Gold is on pace for its best month in four as inflation data boosts rate-cut bets.
  4. 10:00 AM Kitco News · 10:00 AM▲ Reports a rise Gold sharply higher as final Consumer Sentiment falls to 58.2 in August, inflation expectations rise Gold jumped after consumer sentiment fell and inflation expectations rose in August.
  5. 8:30 AM Kitco News · 8:30 AM Gold holds support above $3,400 as U.S. core PCE rises 2.9% in the last 12 months Gold is holding support above $3,400 after U.S. core PCE rose 2.9% over 12 months.
  6. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Gold: Inflation Concerns, US Dollar Weakness Support Continued ... Investing.com says gold is supported by inflation concerns and a weaker U.S. dollar.
  7. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Ernest Hoffman Kitco says gold rose sharply after the final consumer sentiment reading.
  8. 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise Gold pushes to highs, BYD profit drop, Tesla stock extends losses Yahoo Finance says gold is pushing to highs as markets move on Friday.
  9. 4:52 PM Kitco News · 4:52 PM▲ Reports a rise Silver could outshine gold as investment demand picks up Kitco says silver could outperform gold as investment demand increases.
  10. 12:55 PM Benzinga · 12:55 PM Gold Might Be Frontrunning The Fed - SPDR Gold Trust (ARCA:GLD) Gold is consolidating near highs as traders price in Fed shifts and political pressure on monetary policy.
  11. 12:16 PM Kitco News · 12:16 PM▲ Reports a rise Gold powers sharply up on technical buying ahead of what may be a rocky 2 months for equities Gold surged on technical buying ahead of a potentially difficult two months for equities.
  12. 11:50 AM Reuters · 11:50 AM Northam CEO says platinum miners not out of the woods despite price rally Northam's CEO said platinum miners are still not out of the woods despite the recent price rally.
  13. 11:49 AM Reuters · 11:49 AM Cameco flags 2025 production hit amid McArthur River mine transition delays Cameco warned of a 2025 production hit from delays in the McArthur River mine transition.
  14. 9:07 AM Reuters · 9:07 AM Valterra Platinum plans to start underground trial mining in late 2026 Valterra Platinum plans to begin underground trial mining in late 2026.
  15. 7:56 AM Kitco News · 7:56 AM▼ Reports a fall Gold price mildly down ahead of important U.S. inflation report Gold is mildly lower ahead of an important U.S. inflation report.
  16. 8:00 PM Earlier news service · 8:00 PM Indian jewellers stock up for festive season; activity muted elsewhere Indian jewellers are stocking up for the festive season while activity remains muted elsewhere.
  17. 8:17 AM Kitco News · 8:17 AM Gold market analysis for August 29 - key intra-day price entry levels for active traders Kitco provides intraday gold price entry levels for active traders.
  18. 8:00 PM Earlier news service · 8:00 PM Gold poised for monthly gain on soft dollar, US rate-cut hopes

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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