• Gold Ask $3,970.01 +$12.69 (+0.32%)
  • Silver Ask $50.06 −$0.19 (−0.38%)
  • Platinum Ask $1,430.02 −$2.18 (−0.15%)
  • Palladium Ask $948.49 +$3.35 (+0.35%)
Delayed · Ask prices as of
Type at least two characters for suggestions. Use the down arrow to browse suggestions, or press Enter to see all results.
(646) 362-3536
Account
Sell to Us
Cart 0 items

Daily brief · Tuesday, October 28, 2025

Gold and silver eased as trade optimism and technical selling met bullish $5,000 surveys

Gold ended lower as Reuters tied early weakness to signs of U.S.-China trade progress, while several surveys and industry views still pointed to much higher levels over the next year. Silver also finished down, with some commentary focused on chart-driven selling even as physical-market strains were noted in the supply chain.

AI summaryWritten automatically with AI from 19 linked reports and our own price data, Oct 21, 2:17 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 October 28, 2025

Gold $3,948.50 −0.56% 30d +4.7% Silver $46.44 −1.95% 30d +3.2% Platinum $1,591.00 −0.69% 30d +2.5% Palladium $1,393.00 −0.64% 30d +9.3%

Tone of the reports: Mixed

What happened

  1. Reuters linked gold’s dip to a three-week low to optimism around U.S.-China trade progress, which reduced safe-haven demand during the session.

    SourcesReuters: US-China trade progress sends gold to three-week low

  2. Citi cut its short-term forecasts for both gold and silver, adding to the day’s cautious tone on near-term pricing.

    SourcesReuters: Citi downgrades short-term gold, silver price forecasts

  3. Reuters reported the gold industry sees prices rising to near $5,000 an ounce over the next 12 months.

    SourcesReuters: Gold industry sees price rising to near $5,000 an ounce over 12 months2: Gold industry sees price rising to near $5,000/oz over 12 months

  4. Kitco said an LBMA survey similarly expects gold to approach $5,000 in 12 months.

    SourcesKitco News: Gold’s not done: LBMA survey forecasts prices near $5,000 in 12 months

  5. Kitco reported that central banks in Korea and Madagascar are looking to ramp up gold reserves; a separate report said the Bank of Korea is considering gold purchases in the medium term after a long absence.

    SourcesKitco News: Central banks of Korea and Madagascar are looking to ramp up their gold reservesEarlier news service: BANK OF KOREA considers gold purchases in medium term after long absence

  6. Some commentary emphasized downside momentum: Kitco pointed to mounting “chart damage” in gold and silver, and another strategist-focused report flagged the risk of a deeper pullback.

    SourcesKitco News: More solid price losses in gold, silver as charts damage mounts ...Earlier news service: GOLD heading towards a bear market? Strategists tip deeper pullback

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

  • UpcomingFed decisionAction Forex said traders were watching the Fed decision as gold extended its decline below $4,000.
  • UpcomingU.S.-China talksAction Forex and Reuters tied gold’s direction to developments in U.S.-China trade talks/progress.

Metal by metal

Gold $3,948.50 −0.56%

Reuters said U.S.-China trade progress helped push gold to a three-week low, while other coverage highlighted longer-term optimism: Reuters and Kitco both cited industry/LBMA survey views that gold could approach $5,000 over the next 12 months. Several pieces also framed central-bank buying interest (including Korea) as a supportive backdrop, even as near-term sentiment was challenged by forecast downgrades and negative chart signals.

Gold headlines

Silver $46.44 −1.95%

Coverage was thinner than gold, but not one-sided: Citi downgraded its short-term view on silver, while Kitco described technically driven weakness (“chart damage”) even as a separate report said the surge in silver prices has strained refiners Metalor and MKS PAMP.

Silver headlines

Platinum $1,591.00 −0.69%

No report focused on platinum.

Platinum headlines

Palladium $1,393.00 −0.64%

No report focused on palladium.

Palladium headlines

The day’s reports

34 reports, most important first, New York time.

  1. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Gold Rebounds Above $4,000 as Markets Weigh Fed Cuts and ... Gold rebounded above $4,000 as markets weighed Fed cuts and other factors.
  2. 8:00 PM Earlier news service · 8:00 PM BANK OF KOREA considers gold purchases in medium term after long absence The Bank of Korea is considering gold purchases in the medium term after a long absence.
  3. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise REUTERS POLL : Annual 2026 gold price forecast tops $4,000/oz for first time A Reuters poll says annual 2026 gold price forecasts top $4,000 an ounce for the first time.
  4. 4:01 PM Reuters · 4:01 PM▲ Reports a rise Gold industry sees price rising to near $5,000 an ounce over 12 months Reuters reports the gold industry sees prices rising to near $5,000 an ounce over the next 12 months.
  5. 3:43 PM Kitco News · 3:43 PM▲ Reports a rise Gold’s not done: LBMA survey forecasts prices near $5,000 in 12 months A Kitco News report says LBMA survey participants expect gold prices to approach $5,000 in 12 months.
  6. 2:54 PM Reuters · 2:54 PM▲ Reports a rise Gold industry sees price rising to near $5,000/oz over 12 months Reuters reports the gold industry sees prices rising to near $5,000 an ounce over the next 12 months.
  7. 11:17 AM Kitco News · 11:17 AM▲ Reports a rise Central banks of Korea and Madagascar are looking to ramp up their gold reserves Central banks in Korea and Madagascar are looking to increase their gold reserves.
  8. 10:48 AM Reuters · 10:48 AM▼ Reports a fall US-China trade progress sends gold to three-week low Reuters reports that trade progress between the U.S. and China sent gold to a three-week low.
  9. 8:00 PM MarketWatch · 8:00 PM▼ Reports a fall Gold's selloff may be an opportunity in disguise for investors as the ... Gold's selloff may be an opportunity for investors if rate cuts materialize.
  10. 8:00 PM Kitco News · 8:00 PM▼ Reports a fall More solid price losses in gold, silver as charts damage mounts ... Gold and silver prices are falling as chart damage worsens.
  11. 8:00 PM Bloomberg · 8:00 PM▲ Reports a rise Indonesia's Biggest Gold Miner Posts Profit Jump on Strong Sales ... Indonesia's biggest gold miner reported a profit jump on strong sales.
  12. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD and SILVER Prices Extend Decline Amid Global Market Corrections Gold and silver prices extended their declines amid a broader market correction.
  13. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise BLACKROCK Sees Investors Shift to Gold and Crypto Amid Global Uncertainty BlackRock says investors are shifting toward gold and crypto amid global uncertainty.
  14. 8:00 PM Earlier news service · 8:00 PM SD BULLION Named Authorized Purchaser of U.S. Mint Gold Bullion Coins SD Bullion has been named an authorized purchaser of U.S. Mint gold bullion coins.
  15. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD heading towards a bear market? Strategists tip deeper pullback Strategists say gold may be heading toward a bear market and could face a deeper pullback.
  16. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise The surge in silver prices pushes METALOR and MKS PAMP to the limit of their pro.. A surge in silver prices is straining Metalor and MKS PAMP's operations.
  17. 8:00 PM Earlier news service · 8:00 PM INDIA : Bars and coins steal the shine from jewelry as Indians splurge up to $11.. India's gold buyers are favoring bars and coins over jewelry as spending rises.
  18. 8:00 PM Earlier news service · 8:00 PM METALS FOCUS : From Volatility to Value: Industry’s Pivot to Thrifting and Recyc.. Metals Focus discusses the industry's shift toward thrifting and recycling.
  19. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise leg : Gold’s Remarkable Rally and Shifting Investment Trends in Asia An article looks at gold's rally and changing investment trends in Asia.
  20. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD nears three-week low as US-China trade optimism dents safe-haven demand Gold neared a three-week low as optimism over U.S.-China trade reduced safe-haven demand.
  21. 4:21 PM The Manila Times · 4:21 PM Xali Gold Outlines Plans for Pico Machay Gold Project in Peru Xali Gold outlined plans to advance its Pico Machay gold project in Peru.
  22. 12:21 PM Kitco News · 12:21 PM Gold down but pares early losses; silver rebounds Gold fell but trimmed early losses, while silver rebounded.
  23. 11:52 AM Kitco News · 11:52 AM Citigroup and Morgan Stanley to challenge JPMorgan’s grip on London gold vaults - Report Citigroup and Morgan Stanley may challenge JPMorgan’s dominance in London gold vaults, according to a report.
  24. 8:58 AM Reuters · 8:58 AM▼ Reports a fall Citi downgrades short-term gold, silver price forecasts Citi downgraded its short-term price forecasts for gold and silver.
  25. 6:14 AM Action Forex · 6:14 AM▼ Reports a fall Gold Extends Its Decline Below the $4,000 Level Gold extended its decline below $4,000 as traders watched the Fed decision and U.S.-China talks.
  26. 8:00 PM Earlier news service · 8:00 PM LBMA's new database for gold bars will be mandatory for listed refineries from 2.. LBMA's new gold-bar database will be mandatory for refineries listed on it.
  27. 8:00 PM Earlier news service · 8:00 PM THE ROYAL MINT : The Enduring Role of Trust in the Precious Metals Industry The Royal Mint discusses the lasting role of trust in the precious-metals industry.
  28. 8:00 PM Earlier news service · 8:00 PM BOB TAKAI : JAPAN’s Rise and Retreat in the Global Gold Market An article examines Japan's rise and retreat in the global gold market.
  29. 8:00 PM Earlier news service · 8:00 PM GOLD Glow Fades: Is the Bull Run Over? The article asks whether gold's recent bull run is over.
  30. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Weekly Markets Monitor: The Easing Glow The World Gold Council says gold's recent momentum is easing in its weekly markets update.
  31. 5:20 PM The Manila Times · 5:20 PM Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share Centerra Gold declared a quarterly dividend of C$0.07 per common share.
  32. 4:50 PM Kitco News · 4:50 PM▲ Reports a rise Tether Gold sees its digital assets grow in parabolic rally Kitco News says Tether Gold's digital asset holdings are growing in a parabolic rally.
  33. 7:45 AM ofdollarsanddata.com · 7:45 AM▲ Reports a rise What’s Going on With Gold? The article discusses gold’s recent surge and argues it reflects investor fear more than inflation.
  34. 7:40 AM Kitco News · 7:40 AM Gold market analysis for October 28 - key intra-day price entry levels for active traders Kitco offers intraday gold entry levels for active traders in its October 28 market analysis.

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.

Live precious metals pricesGold price chartPrice timelineMarket moodNews archivePremiums over spotWhat we pay todayThe Journal