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Daily brief · Wednesday, September 17, 2025

Gold and silver slip after record highs as Fed cuts rates and Powell comments sink in

Gold and silver finished lower after pushing to fresh records earlier, as markets digested the Federal Reserve’s rate cut and Chair Jerome Powell’s remarks. Coverage stayed broadly constructive on easier policy ahead, but the day’s trade showed some profit-taking after a strong run-up.

AI summaryWritten automatically with AI from 23 linked reports and our own price data, Oct 21, 2:10 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 17, 2025

Gold $3,681.00 −0.39% 30d +10.5% Silver $41.27 −3.34% 30d +8.3% Platinum $1,369.00 −2.28% 30d +2.4% Palladium $1,161.00 −1.94% 30d +3.3%

Tone of the reports: Mixed

What happened

  1. Gold pulled back after touching a record high, with Reuters reporting a drop as traders digested Chair Powell’s comments following the Fed decision.

    SourcesReuters: Gold falls after scaling record peak as markets digest Fed Chair ...2: Gold falls after scaling record peak as markets digest Fed Chair Powell's comments

  2. The Federal Reserve lowered interest rates and signaled more cuts ahead, with one dissenter, according to Reuters.

    SourcesReuters: Fed lowers interest rates, signals more cuts ahead; Miran dissents2: Fed delivers normal-sized rate cut, sees steady pace of further reductions; Miran dissents

  3. Kitco reported that gold hit a record high with the Fed set to cut rates, while silver also eased.

    SourcesKitco News: Gold hits record high as Fed set to cut interest rates | Kitco News

  4. Kitco said the Fed cut rates and signaled more easing through 2026, framing that as supportive for gold’s momentum.

    SourcesKitco News: Gold prices finds new momentum as the Fed cuts rates; signals more easing through 2026

  5. World Gold Council data cited by Kitco showed China saw gold ETF liquidations and low futures volumes in August, while jewelry sales and imports rebounded.

    SourcesKitco News: China’s gold market saw ETF liquidations and low futures volumes in August as stocks surged, but jewelry sales and imports rebounded – World Gold Council

  6. Investing.com reported Deutsche Bank lifted its 2026 gold price forecast to $4,000/oz.

    SourcesInvesting.com: Deutsche Bank lifts 2026 gold price forecast to $4,000/oz By ...

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

  • Sep 17Fed rate decisionReuters and Kitco framed the rate cut and guidance for further easing as key drivers for gold trading and sentiment.
  • Sep 17Powell remarksReuters reported gold fell back after the record high as markets digested Chair Powell’s comments.

Metal by metal

Gold $3,681.00 −0.39%

Reuters said gold retreated after setting a record as markets processed the Fed’s rate cut and Powell’s remarks. Kitco also highlighted the Fed’s easing stance and guidance as a key support for gold’s broader momentum, while separate coverage pointed to mixed demand signals in China (ETF outflows versus stronger jewelry/imports) and a higher 2026 forecast from Deutsche Bank.

Gold headlines

Silver $41.27 −3.34%

Silver was mentioned mainly in relation to the Fed-driven move in precious metals, with Kitco noting it slipped as gold hit a record high. Coverage was otherwise thin in today’s reports.

Silver headlines

Platinum $1,369.00 −2.28%

No report focused on platinum.

Platinum headlines

Palladium $1,161.00 −1.94%

No report focused on palladium.

Palladium headlines

The day’s reports

30 reports, most important first, New York time.

  1. 4:48 PM Reuters · 4:48 PM Fed lowers interest rates, signals more cuts ahead; Miran dissents The Federal Reserve lowered interest rates and signaled more cuts ahead.
  2. 3:30 PM Reuters · 3:30 PM▼ Reports a fall Gold falls after scaling record peak as markets digest Fed Chair Powell's comments Gold fell nearly 1% after hitting a record high as markets digested Fed Chair Powell's comments.
  3. 3:26 PM Reuters · 3:26 PM▼ Reports a fall Gold falls after scaling record peak as markets digest Fed Chair ... Gold fell nearly 1% after hitting a record high as traders digested Fed Chair Powell's remarks.
  4. 2:57 PM Reuters · 2:57 PM Fed delivers normal-sized rate cut, sees steady pace of further reductions; Miran dissents The Federal Reserve delivered a normal-sized rate cut and signaled more reductions ahead, with one dissenter.
  5. 8:00 PM FXEmpire · 8:00 PM▲ Reports a rise Gold (XAU/USD) Price Forecast: Extends Breakout as Bulls Hold ... Gold extended its breakout to a new record high of $3,705 as bullish momentum held.
  6. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Deutsche Bank lifts 2026 gold price forecast to $4,000/oz By ... Deutsche Bank raised its 2026 gold price forecast to $4,000 an ounce.
  7. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Deutsche Bank raises 2026 gold forecast to $4,000 as bullion hits record highs Deutsche Bank raised its 2026 gold forecast to $4,000 as bullion hit record highs.
  8. 8:00 PM Earlier news service · 8:00 PM Gold's record rally takes breather as spotlight shifts to Fed rate verdict Gold's record rally paused as investors focused on the Fed's rate decision.
  9. 5:16 PM Reuters · 5:16 PM Dollar whipsawed as Fed delivers normal-sized rate cut The dollar whipsawed after the Federal Reserve delivered a normal-sized rate cut.
  10. 5:03 PM Kitco News · 5:03 PM ‘We see where we are now, and we took that appropriate action today’ – Fed Chair Powell Fed Chair Powell said the central bank took the appropriate action today.
  11. 3:00 PM Reuters · 3:00 PM No big push for a larger rate cut, Fed's Powell says Fed Chair Powell said the central bank is not considering a larger rate cut.
  12. 2:10 PM Kitco News · 2:10 PM▲ Reports a rise Gold prices finds new momentum as the Fed cuts rates; signals more easing through 2026 Gold is gaining momentum as the Fed cuts rates and signals more easing through 2026.
  13. 11:33 AM Kitco News · 11:33 AM China’s gold market saw ETF liquidations and low futures volumes in August as stocks surged, but jewelry sales and imports rebounded – World Gold Council The World Gold Council says China's gold market saw ETF outflows and low futures volume in August, while jewelry sales and imports rebounded.
  14. 11:19 AM Reuters · 11:19 AM▼ Reports a fall Gold eases after scaling record peak, Fed rate verdict looms Gold pulled back after hitting a record high as investors awaited the Federal Reserve's rate decision.
  15. 8:50 AM Reuters · 8:50 AM▲ Reports a rise Dollar rises from four-year low versus euro; Powell remarks in focus Reuters says the dollar rose from a four-year low against the euro as Powell's remarks came into focus.
  16. 7:28 AM Reuters · 7:28 AM▼ Reports a fall Gold prices retreat from record high ahead of Fed rate verdict Reuters reports gold prices retreating from a record high before the Fed rate decision.
  17. 8:00 PM Fortune · 8:00 PM▲ Reports a rise Trump's attacks on the Fed are hurting the dollar and driving up the ... Trump's attacks on the Fed were said to be hurting the dollar and lifting gold prices.
  18. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise SocGen takes 10% maximum gold position ahead of new Fed ... SocGen increased its gold position ahead of the Fed's new easing cycle.
  19. 8:00 PM Kitco News · 8:00 PM▼ Reports a fall Profit-taking price pressure on precious metals as U.S. rate cut ... Profit-taking pressured precious metals as the U.S. rate cut fueled a rally to record highs.
  20. 8:00 PM FXStreet · 8:00 PM Gold price steadies as Fed decision, Powell press conference loom Gold held steady as traders awaited the Fed decision and Powell's press conference.
  21. 8:00 PM MINING.COM · 8:00 PM▲ Reports a rise Record gold prices in India fail to unlock scrap supply - MINING.COM Record gold prices in India failed to unlock scrap supply, while imports jumped in August.
  22. 2:17 PM Kitco News · 2:17 PM Gold price sees two-sided trade after widely expected Fed rate cut Gold is seeing two-way trading after the widely expected Federal Reserve rate cut.
  23. 2:06 PM Reuters · 2:06 PM U.S. central bankers split wide over rate-path view Reuters reports U.S. central bankers remain split on the future rate path.
  24. 9:45 AM Kitco News · 9:45 AM▲ Reports a rise Gold market recovering against Canadian dollar after BoC cuts interest rates to 2.50% Gold is recovering versus the Canadian dollar after the Bank of Canada cut rates to 2.50%.
  25. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold rises to $3,673/oz after U.S. housing starts fall -8.5% in August Spot gold rose to $3,673 after U.S. housing starts fell 8.5% in August.
  26. 8:00 PM Kitco News · 8:00 PM Gold market analysis for September 17 - key intra-day price entry ... Kitco published a gold market analysis for September 17.
  27. 8:00 PM MINING.COM · 8:00 PM Collapsed wall kills five Kenyan gold miners, local official says ... A collapsed wall killed five Kenyan gold miners, according to a local official.
  28. 8:00 PM FXEmpire · 8:00 PM Gold News: Will Powell's Dot Plot Spark a New Gold Breakout or ... The market is watching whether Powell's dot plot will help spark another gold breakout.
  29. 12:42 PM Kitco News · 12:42 PM▲ Reports a rise Gold always rallies when the Fed cuts rates in a stubborn inflationary environment - Bank of America Bank of America says gold tends to rally when the Fed cuts rates amid stubborn inflation.
  30. 7:07 AM FXStreet · 7:07 AM▼ Reports a fall Gold Price Forecast: XAU/USD drifts from record highs, $3.660 ... FXStreet says gold has drifted from record highs and points to support around $3,660.

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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