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Daily brief · Wednesday, September 10, 2025

Gold steady near records on cooler inflation reads; palladium jumps while platinum firms

Gold ended essentially flat at $3,650.75/oz as cooler inflation signals kept Fed rate-cut expectations in focus. Platinum rose and palladium outperformed, while silver eased slightly; most of today’s reporting stayed centered on gold and U.S. inflation data.

AI summaryWritten automatically with AI from 25 linked reports and our own price data, Oct 21, 2:08 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 September 10, 2025

Gold $3,650.75 +0.03% 30d +8.8% Silver $41.21 −0.10% 30d +9.1% Platinum $1,389.00 +0.65% 30d +5.1% Palladium $1,183.00 +4.60% 30d +3.3%

Tone of the reports: Mixed

What happened

  1. Reuters reported gold stayed near record highs after softer inflation data boosted expectations for U.S. rate cuts, a backdrop that tends to support non-yielding assets like bullion.

    SourcesReuters: Gold near record highs as softer inflation data fuels Fed cut bets

  2. Kitco said spot gold was around $3,650/oz after August U.S. PPI cooled more than expected, reinforcing the “cooling inflation” narrative that markets have tied to potential Fed easing.

    SourcesKitco News: Spot gold at $3,650/oz as U.S. PPI cools more than expected in August

  3. Several outlets described gold holding near record levels as rate-cut optimism rose, following recent record-setting moves.

    SourcesBloomberg: Gold Holds Near Latest Record After Fed Rate-Cut Optimism Soars ...Earlier news service: Gold rallies to new record on U.S. rate cut hopes, Fed tension2: Gold hits $3,674 record before US Dollar rebound caps rallyKitco News: Gold hovers near record high ahead of US inflation data | Kitco News2: Gold price hits another record high on bullish fundamentals ...

  4. ANZ raised its gold forecast to $3,800/oz, citing solid investment demand and arguing the rally could persist into 2026.

    SourcesInvesting.com: ANZ lifts gold forecast to $3800/oz, sees rally extending into 2026 By ...Earlier news service: ANZ hikes gold price forecast to $3,800 on solid investment demand

  5. An LBMA statement called a White House tariff update on gold bars a “welcome development,” highlighting policy-related attention on bullion flows and market access.

    SourcesEarlier news service: White House tariff update on gold bars a 'welcome development,' LBMA says

  6. On platinum, Kitco cited WPIC saying the investment case is improving as a market deficit persists.

    SourcesKitco News: Platinum’s investment case builds as deficit remains - WPIC

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. CPI dataMultiple reports said gold is hovering/coiling near record highs ahead of CPI, with rate-cut expectations sensitive to the inflation print.

Metal by metal

Gold $3,650.75 +0.03%

Reuters tied gold’s resilience near record highs to softer inflation data and firmer expectations for Fed rate cuts. Kitco also pointed to cooler-than-expected PPI supporting prices ahead of the next major inflation release; other coverage emphasized that a U.S. dollar rebound recently capped an intraday record move and that the market is coiling into CPI.

Gold headlines

Silver $41.21 −0.10%

No report focused on silver.

Silver headlines

Platinum $1,389.00 +0.65%

Kitco, citing WPIC, said platinum’s investment case is building because the market deficit remains in place.

Platinum headlines

Palladium $1,183.00 +4.60%

No report focused on palladium.

Palladium headlines

The day’s reports

25 reports, most important first, New York time.

  1. 10:22 AM Reuters · 10:22 AM▲ Reports a rise Gold near record highs as softer inflation data fuels Fed cut bets Gold stays near record highs as softer inflation data increases bets on Fed rate cuts.
  2. 9:53 PM Action Forex · 9:53 PM Gold (XAU/USD) Coils Ahead of US CPI… Are Bulls Exhausted? Gold holds around $3,650 as geopolitical uncertainty and Fed cut bets support prices ahead of U.S. CPI.
  3. 8:00 PM Kitco News · 8:00 PM Gold hovers near record high ahead of US inflation data | Kitco News Gold is hovering near a record high ahead of U.S. inflation data.
  4. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise ANZ lifts gold forecast to $3800/oz, sees rally extending into 2026 By ... ANZ lifted its gold forecast to $3,800 an ounce and sees the rally extending into 2026.
  5. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise ANZ hikes gold price forecast to $3,800 on solid investment demand ANZ raised its gold price forecast to $3,800 on solid investment demand.
  6. 8:00 PM Earlier news service · 8:00 PM White House tariff update on gold bars a 'welcome development,' LBMA says The LBMA says a White House tariff update on gold bars is a welcome development.
  7. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise GOLDMAN SACHS : Why Gold Price Forecasts and Central Bank Buying Could Shift the.. Goldman Sachs says gold price forecasts and central-bank buying could change the outlook.
  8. 3:37 PM Reuters · 3:37 PM Barrick executive switches sides to advise Mali president in gold dispute Barrick’s executive has switched sides to advise Mali’s president in a gold dispute.
  9. 1:30 PM Kitco News · 1:30 PM Platinum’s investment case builds as deficit remains - WPIC WPIC says platinum’s investment case is improving as the market deficit persists.
  10. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold at $3,650/oz as U.S. PPI cools more than expected in August Kitco says spot gold rose to $3,650 an ounce after U.S. PPI cooled more than expected.
  11. 8:00 PM Investing.com · 8:00 PM A-Mark Precious Metals Inc (AMRK) Q4 2025 Earnings Call ... A-Mark Precious Metals discussed fourth-quarter 2025 earnings and operational improvements.
  12. 8:00 PM MINING.COM · 8:00 PM Barrick executive switches sides to advise Mali president in gold ... A Barrick executive has switched sides to advise Mali's president on gold matters.
  13. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise GOLD price nears record as markets await PPI report Gold prices are nearing records as markets wait for the PPI report.
  14. 8:00 PM Earlier news service · 8:00 PM INDIA Moves to Reassess Trade Deal with UAE Amid Precious Metals Import Surge India is reassessing a trade deal with the UAE amid a surge in precious-metals imports.
  15. 8:00 PM Earlier news service · 8:00 PM A-MARK Precious Metals Reports Fiscal Fourth Quarter and Full Year 2025 Results A-Mark Precious Metals reported fiscal fourth-quarter and full-year 2025 results.
  16. 12:35 PM Reuters · 12:35 PM Zijin Gold targets over $30 billion valuation in Hong Kong IPO Zijin Gold targets a valuation above $30 billion in its Hong Kong IPO.
  17. 11:26 AM Kitco News · 11:26 AM Gold near steady, gets no traction from tame U.S. PPI Gold is little changed after tame U.S. PPI failed to give prices any lift.
  18. 7:56 AM Kitco News · 7:56 AM▲ Reports a rise Gold price firmer just ahead of U.S. inflation report Kitco says gold firmed ahead of the U.S. inflation report.
  19. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise LOMBARD ODIER : Gold breakout highlights attractive portfolio diversification pr.. Lombard Odier says gold's breakout highlights its appeal as portfolio diversification.
  20. 8:00 PM Earlier news service · 8:00 PM ROSS NORMAN – Retail Gold Price Fatigue ? Ross Norman discusses possible fatigue in retail gold prices.
  21. 6:00 PM dailyreckoning.com · 6:00 PM Charting the Gold Story The article presents five charts aimed at explaining the gold market.
  22. 4:35 PM Kitco News · 4:35 PM Breakout rallies in precious metals are not among equals, says BCA’s Ibrahim BCA’s Ibrahim says precious metals breakouts are not all moving the same way.
  23. 4:30 PM Kitco News · 4:30 PM▲ Reports a rise Silver’s doubly-squeezed industrial and investment supply could drive prices above $100/oz this cycle – SilverStockInvestor’s Krauth SilverStockInvestor’s Krauth says silver’s industrial and investment supply squeeze could push prices above $100 an ounce this cycle.
  24. 11:00 AM Kitco News · 11:00 AM▲ Reports a rise ‘Clearly weaker’ economy will drive gold through $4,000 in six months - Strategist A strategist says weaker economic conditions could push gold above $4,000 within six months.
  25. 7:16 AM Kitco News · 7:16 AM Gold market analysis for September 10 - key intra-day price entry levels for active traders Kitco publishes gold market analysis with key intraday price entry levels for 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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