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Daily brief · Thursday, September 18, 2025

Gold slips on profit-taking after Fed cut; silver and platinum finish higher

Gold ended lower at $3,643.70 an ounce as traders digested the Fed’s rate cut and the follow-through in the U.S. dollar. Several reports framed the move as a “breather” and profit-taking after record highs, while longer-dated bank targets stayed bullish even as near-term direction hinged on how the Fed’s stance is read.

AI summaryWritten automatically with AI from 21 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 18, 2025

Gold $3,643.70 −1.01% 30d +9.3% Silver $41.86 +1.43% 30d +9.9% Platinum $1,394.00 +1.83% 30d +3.5% Palladium $1,157.00 −0.34% 30d +2.7%

Tone of the reports: Mixed

What happened

  1. Gold pulled back after briefly setting fresh records around the Fed decision, with reports pointing to profit-taking after the post-cut rally.

    SourcesAction Forex: Gold Price Falls After Fed DecisionKitco News: Profit-taking price pressure on precious metals as U.S. rate cut ...2: Profit-taking hits gold, but Fed uncertainty supports long-term upside - Metals FocusReuters: Gold takes a breather as markets weigh Fed's policy stanceFXEmpire: Gold (XAU/USD) Price Forecast: Extends Breakout as Bulls Hold ...

  2. A firmer dollar after the Fed added pressure in parts of the coverage, after earlier whipsaw moves in FX around the rate decision.

    SourcesAction Forex: Gold (XAU) and Silver (XAG) Find Selling Pressure from Post-FOMC Stronger US DollarReuters: Dollar whipsawed as Fed delivers normal-sized rate cut

  3. Several institutions kept long-term gold targets elevated: Deutsche Bank lifted its 2026 forecast to $4,000/oz, and JP Morgan also laid out a path above $4,000 by early 2026.

    SourcesInvesting.com: Deutsche Bank lifts 2026 gold price forecast to $4,000/oz By ...Earlier news service: JP MORGAN: Gold prices will surpass the $4,000 mark by early 2026, with a scenar..

  4. Policy and market-structure headlines were in focus: Russia plans to limit gold bullion exports to 100 grams, and Hong Kong unveiled a plan to boost gold trading even as Chinese demand was described as softening.

    SourcesEarlier news service: RUSSIA to limit gold bullion exports to 100 grams to reduce capital outflow2: HONG KONG unveils plan to boost gold trading; Chinese demand softens; Gold hits ..

  5. Physical-market signals were mixed: MINING.COM said record prices in India did not unlock scrap supply and imports jumped in August, while The Economic Times said festive demand and GST reforms could support jewellery buying.

    SourcesMINING.COM: Record gold prices in India fail to unlock scrap supply - MINING.COMThe Economic Times: Festive demand, GST reforms could boost India's gold jewellery demand: Report

  6. Positioning and Fed-cycle narratives remained supportive in some commentary, with SocGen increasing its gold position ahead of a new easing cycle and Metals Focus citing ongoing Fed uncertainty as supportive even after profit-taking.

    SourcesKitco News: SocGen takes 10% maximum gold position ahead of new Fed ...2: Profit-taking hits gold, but Fed uncertainty supports long-term upside - Metals Focus

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

Metal by metal

Gold $3,643.70 −1.01%

Reuters reported gold “took a breather” as markets weighed the Fed’s policy stance, while Kitco News and Metals Focus described profit-taking after the rally to record highs. Multiple bank/research pieces still emphasized higher medium-term targets, even as some coverage tied near-term pressure to a stronger U.S. dollar after the meeting.

Gold headlines

Silver $41.86 +1.43%

Silver was discussed mainly in the context of post-FOMC dollar strength creating selling pressure, according to Action Forex; otherwise, coverage was limited in today’s reports.

Silver headlines

Platinum $1,394.00 +1.83%

No report focused on platinum.

Platinum headlines

Palladium $1,157.00 −0.34%

No report focused on palladium.

Palladium headlines

The day’s reports

40 reports, most important first, New York time.

  1. 8:02 AM Action Forex · 8:02 AM▼ Reports a fall Gold Price Falls After Fed Decision Gold fell after the Fed cut rates, despite briefly spiking above $3,700 to a new all-time high.
  2. 8:00 PM Earlier news service · 8:00 PM RUSSIA to limit gold bullion exports to 100 grams to reduce capital outflow Russia plans to limit gold bullion exports to 100 grams to reduce capital outflow.
  3. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHINA : Gold exports from SWITZERLAND to China soared in August Gold exports from Switzerland to China surged in August.
  4. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise JP MORGAN: Gold prices will surpass the $4,000 mark by early 2026, with a scenar.. JP Morgan says gold could surpass $4,000 by early 2026.
  5. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise GOLD gains on softer dollar after Fed delivers rate cut Gold rose after the Fed delivered a rate cut and the dollar softened.
  6. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise WORLD GOLD COUNCIL / DAVID TAIT : Massive step-change underway for gold World Gold Council chief David Tait says a massive step-change is underway for gold.
  7. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall SWISS Gold Exports to US Collapsed in August After Tariff Scare Swiss gold exports to the U.S. collapsed in August after tariff fears.
  8. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBP : Gold moves to new all-time highs UBP said gold moved to new all-time highs.
  9. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise HONG KONG unveils plan to boost gold trading; Chinese demand softens; Gold hits .. Hong Kong unveiled a plan to boost gold trading as Chinese demand softened and gold hit new highs.
  10. 10:02 PM Action Forex · 10:02 PM▼ Reports a fall Gold (XAU) and Silver (XAG) Find Selling Pressure from Post-FOMC Stronger US Dollar Gold and silver come under selling pressure as the U.S. dollar strengthens after the FOMC meeting.
  11. 8:00 PM Earlier news service · 8:00 PM LBMA Precious Metals Market Volumes and their significance, August 2025 LBMA reviews precious metals market volumes and explains their significance in August 2025.
  12. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise DEUTSCHE BANK raises 2026 gold forecast to $4,000, silver outlook to $45 Deutsche Bank raised its 2026 gold forecast to $4,000 and silver to $45.
  13. 8:00 PM Earlier news service · 8:00 PM TURKEY's famous jewelry brand has declared bankruptcy Turkey’s famous jewelry brand has declared bankruptcy.
  14. 8:00 PM Earlier news service · 8:00 PM PERTH MINT : Australian Bullion Sales Mixed in August, Perth Mint Data Show Perth Mint data show Australian bullion sales were mixed in August.
  15. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SILVER Rallies More Than 2% Silver rallies more than 2%.
  16. 8:00 PM Earlier news service · 8:00 PM BLACKROCK favors gold, bitcoin, growth, and international stocks after Fed rate .. BlackRock favors gold, bitcoin, growth, and international stocks after the Fed rate move.
  17. 8:00 PM Earlier news service · 8:00 PM RAY DALIO says gold, non-fiat currencies will be stronger stores of value as U.S.. Ray Dalio says gold and non-fiat currencies will be stronger stores of value as the U.S. faces economic pressures.
  18. 8:00 PM Earlier news service · 8:00 PM INDIA premiums hit 10-month high as festive season draws near; CHINA discounts w.. India gold premiums hit a 10-month high ahead of the festive season, while China discounts widened.
  19. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise STATE STREET : Gold is at record highs and many investors are yet to play their .. State Street says gold is at record highs and many investors still have not bought in.
  20. 3:10 PM Kitco News · 3:10 PM Profit-taking hits gold, but Fed uncertainty supports long-term upside - Metals Focus Metals Focus says gold saw profit-taking, but Fed uncertainty still supports longer-term upside.
  21. 11:52 AM Reuters · 11:52 AM Gold takes a breather as markets weigh Fed's policy stance Gold paused as markets weighed the Fed's policy stance.
  22. 11:51 AM Kitco News · 11:51 AM▲ Reports a rise Gold sees strong buying despite post-Fed pullback, uptrend is intact - FX Empire’s Lewis Gold drew strong buying after the Fed pullback, with the uptrend described as intact.
  23. 8:42 AM Kitco News · 8:42 AM Gold consolidates above $3,650 following 33K drop in weekly jobless claims Gold consolidated above $3,650 after weekly jobless claims fell by 33,000.
  24. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold trades at $3,668/oz after Philly Fed survey rises to 23.2 in September Spot gold traded at $3,668 an ounce after the Philadelphia Fed survey rose to 23.2 in September.
  25. 7:13 AM Kitco News · 7:13 AM Gold stands firm as Bank of England leaves rates unchanged at 4% Gold held firm after the Bank of England kept rates unchanged at 4%.
  26. 6:03 AM The Economic Times · 6:03 AM▲ Reports a rise Festive demand, GST reforms could boost India's gold jewellery demand: Report A report says festive demand and GST reforms could boost India's gold jewellery buying despite record prices.
  27. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold at $6600? JEFFERIES' Chris Wood raises long-term gold price target — here's.. Jefferies’ Chris Wood lifted his long-term gold target to $6,600.
  28. 8:00 PM Earlier news service · 8:00 PM VAN ECK : Miners Find Their Mojo as Gold Consolidates VanEck says miners are regaining momentum as gold consolidates.
  29. 8:00 PM Earlier news service · 8:00 PM PERTH MINT : PMGOLD wins ETF product award Perth Mint says PMGOLD won an ETF product award.
  30. 8:00 PM Earlier news service · 8:00 PM INFOGRAPHIC : Visualizing Gold Production by Country An infographic visualizes gold production by country.
  31. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD: Sell-the-fact pattern still in play Gold shows a continued sell-the-fact pattern.
  32. 8:00 PM Earlier news service · 8:00 PM GEN Z’s rising obsession with gold investing The article says Gen Z is increasingly interested in gold investing.
  33. 8:00 PM Earlier news service · 8:00 PM INDIA's Bullion Ecosystem Ready to withstand Global Pressures and Lead Worldwide.. India’s bullion ecosystem is presented as ready to withstand global pressures and lead worldwide.
  34. 8:00 PM Earlier news service · 8:00 PM ASIA : Which Southeast Asian country has the highest gold demand? A look at which Southeast Asian country has the highest gold demand.
  35. 12:57 PM Kitco News · 12:57 PM How much gold should investors hold as the Fed restarts its easing cycle? Kitco asks how much gold investors should hold as the Fed restarts its easing cycle.
  36. 12:21 PM Kitco News · 12:21 PM▼ Reports a fall More profit-taking pressure in gold amid downside correction Kitco says gold faced more profit-taking pressure during a downside correction.
  37. 11:19 AM BusinessLine · 11:19 AM Sky Gold, Senco Gold join hands to launch 9 carat jewellery Sky Gold and Senco Gold are partnering to launch 9 carat jewellery.
  38. 8:10 AM Kitco News · 8:10 AM▼ Reports a fall Gold price weaker on more routine profit-taking Gold eased on routine profit-taking.
  39. 7:04 AM Kitco News · 7:04 AM Gold market analysis for September 18 - key intra-day price entry levels for active traders Kitco previews gold intraday price levels for active traders on September 18.
  40. 8:00 PM Earlier news service · 8:00 PM GOLD : The Only Clock That Doesn’t Lie The article argues that gold is the only clock that does not lie.

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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