Daily brief · Wednesday, October 29, 2025
Gold ends at $4,006.70 after Fed decision; silver leads gains at $48.18
Precious metals finished higher Wednesday, led by silver, as trading stayed centered on the Federal Reserve decision and Chair Powell’s remarks. Several outlets described the day as a rebound after an earlier selloff, while also noting uncertainty about whether another rate cut comes in December.
AI summaryWritten automatically with AI from 22 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 29, 2025
Tone of the reports: Mixed
What happened
Reuters reported gold rose nearly 2% as investors focused on the Fed rate decision and Powell’s remarks, keeping rates and the policy path as the main driver of price action.
SourcesReuters: Gold climbs nearly 2% as investors eye Fed rate decision, Powell remarks2: Gold gains nearly 2% as investors await Fed verdict, Powell speech
Kitco said gold and silver posted a “routine corrective rebound,” and also framed the move as a rebound heading into the FOMC decision.
SourcesKitco News: Gold, silver see routine corrective rebounds | Kitco News2: Price rebounds for gold, silver as FOMC on deck
Kitco reported gold slipped at points after Powell said a December rate cut is “not a forgone conclusion,” highlighting that the next step in rates is still in question.
SourcesKitco News: Gold struggles as Fed’s Powell says December rate cut is not a forgone conclusion
MarketWatch said gold futures rebounded and Newmont shares rose as gold recovered from an earlier selloff.
SourcesMarketWatch: Gold and Newmont Stock Rebound. Why the Precious Metal's Selloff ...
Reuters reported India’s central bank is bringing back more gold from abroad, reflecting a renewed focus on where official gold reserves are stored.
SourcesEarlier news service: INDIA : RBI brings back more gold from abroad after West freezes Russia's reserv..2: INDIA : How and why RBI is flying more of India's gold back home
Separate reports tied to Reuters coverage noted a legal battle involving Venezuelan gold and also said JPMorgan’s dominance in London gold vaulting is being challenged by rival banks, pointing to continued focus on custody and control of bullion.
SourcesMINING.COM: Latin America Archives - Page 316 of 1260 - MINING.COMEarlier news service: JP MORGAN’s grip on London gold vaults challenged by rival banks
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
Reuters said gold climbed as investors eyed the Fed decision and Powell’s remarks; the broader framing implies supportive conditions when policy is seen as easing.
SourcesReuters: Gold climbs nearly 2% as investors eye Fed rate decision, Powell remarks2: Gold gains nearly 2% as investors await Fed verdict, Powell speech
MarketWatch described a rebound from an earlier selloff, and another MarketWatch piece argued the selloff could be an opportunity if rate cuts materialize.
SourcesMarketWatch: Gold and Newmont Stock Rebound. Why the Precious Metal's Selloff ...2: Gold's selloff may be an opportunity in disguise for investors as the ...
Kitco characterized the move in gold and silver as a corrective rebound, a framing that supports the idea of follow-through after a pullback.
SourcesKitco News: Gold, silver see routine corrective rebounds | Kitco News2: Price rebounds for gold, silver as FOMC on deck
The case for lower prices
Kitco reported gold struggled when Powell said a December rate cut is not a forgone conclusion, a reminder that the path to further easing is uncertain.
SourcesKitco News: Gold struggles as Fed’s Powell says December rate cut is not a forgone conclusion
Kitco’s prior-day coverage emphasized “more solid price losses” and “chart damage,” underscoring lingering technical headwinds after the selloff.
SourcesKitco News: More solid price losses in gold, silver as charts damage mounts ...
One report said gold was consolidating below $4,000 after the Fed cut rates, suggesting upside may be meeting near-term resistance even with easier policy.
What to watch
- DecemberRate cut decisionKitco said Powell flagged that a December rate cut is not a “forgone conclusion,” keeping attention on upcoming Fed expectations for metals pricing.
Metal by metal
The day’s reports
30 reports, most important first, New York time.
- 8:00 PM Earlier news service · 8:00 PM GOLD price consolidates below $4,000 as the Federal Reserve cuts interest rates Gold is consolidating below $4,000 after the Federal Reserve cut interest rates.
- 8:00 PM Yahoo Finance · 8:00 PM▼ Reports a fall Powell says inflation impact from tariffs 'a risk we have to monitor' Powell said tariff-driven inflation is a risk to monitor, while gold was lower in market quotes.
- 8:00 PM MINING.COM · 8:00 PM Latin America Archives - Page 316 of 1260 - MINING.COM Reuters reports on a legal battle over $1 billion in Venezuelan gold.
- 8:00 PM Earlier news service · 8:00 PM JP MORGAN’s grip on London gold vaults challenged by rival banks JPMorgan's dominance in London gold vaults is facing pressure from rival banks.
- 8:00 PM Earlier news service · 8:00 PM INDIA : How and why RBI is flying more of India's gold back home India's central bank is moving more of the country's gold back home.
- 8:00 PM Earlier news service · 8:00 PM INDIA : RBI brings back more gold from abroad after West freezes Russia's reserv.. Reuters says the RBI is bringing back more gold from abroad after Western freezes on Russia's reserves.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise DALIO calls gold “the most fundamental money,” urges 5–15% portfolio allocation Ray Dalio calls gold the most fundamental money and recommends a 5% to 15% portfolio allocation.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise RUSSIANS Snap Up Record Amounts of Gold as Sanctions Reshape Savings Habits Russians are snapping up record amounts of gold as sanctions reshape savings habits.
- 8:00 PM Earlier news service · 8:00 PM RESERVE BANK OF INDIA hastens repatriation of gold held abroad Reuters reports that the Reserve Bank of India is hastening the repatriation of gold held abroad.
- 4:03 PM Kitco News · 4:03 PM▼ Reports a fall Gold struggles as Fed’s Powell says December rate cut is not a forgone conclusion Gold slipped as Powell said a December rate cut is not a forgone conclusion.
- 1:36 PM Reuters · 1:36 PM▲ Reports a rise Gold climbs nearly 2% as investors eye Fed rate decision, Powell remarks Gold climbed nearly 2% as investors focused on the Fed rate decision and Powell's comments.
- 9:10 AM Reuters · 9:10 AM▲ Reports a rise Gold gains nearly 2% as investors await Fed verdict, Powell speech Gold rose nearly 2% as investors waited for the Fed decision and Powell's remarks.
- 8:12 AM Kitco News · 8:12 AM▲ Reports a rise Price rebounds for gold, silver as FOMC on deck Gold and silver prices rebounded ahead of the upcoming FOMC meeting.
- 6:39 AM MarketWatch · 6:39 AM▲ Reports a rise Gold and Newmont Stock Rebound. Why the Precious Metal's Selloff ... Gold futures rose 1.2% and Newmont shares climbed as gold rebounded from an earlier selloff.
- 8:00 PM Yahoo Finance · 8:00 PM Allied Gold Reports Exploration Results at Sadiola Demonstrating ... Allied Gold reported exploration results at Sadiola.
- 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Gold, silver see routine corrective rebounds | Kitco News Kitco says gold and silver posted routine corrective rebounds.
- 8:00 PM Yahoo Finance · 8:00 PM▼ Reports a fall Trump's next Fed chair needs to commit to 2% inflation: Jim Bullard Jim Bullard says the next Fed chair needs to commit to 2% inflation, with gold quoted lower in the market snapshot.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise TETHER's tokenized Gold hits $2 billion market value amid strong demand Tether's tokenized gold reached a $2 billion market value amid strong demand.
- 8:00 PM Earlier news service · 8:00 PM GEOPOLITICS affirms gold as a key strategic asset The article says geopolitics reinforces gold's role as a strategic asset.
- 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise LBMA Delegates Forecast $4,980 by 2026 Amidst Historic Rally LBMA delegates forecast gold at $4,980 by 2026 amid a historic rally.
- 8:00 PM Earlier news service · 8:00 PM METALOR : Gannon & Scott has signed a definitive agreement to join Metalor Techn.. Metalor has signed an agreement for Gannon & Scott to join the company.
- 10:45 AM Kitco News · 10:45 AM▲ Reports a rise Consumer financial stress hits a five-year high as K economy grows, supporting gold prices Kitco says rising consumer financial stress is supporting gold prices.
- 10:04 AM Kitco News · 10:04 AM Gold prices largely ignore stagnant U.S. pending home sales data Gold prices were little changed after weak U.S. pending home sales data.
- 11:15 PM The Economic Times · 11:15 PM Investing in Gold ETF vs Gold Mutual Funds: Which form of gold gives you higher returns? The Economic Times compares gold ETFs and gold mutual funds for returns and risk.
- 8:00 PM Fortune · 8:00 PM Current price of silver as of Wednesday, October 29, 2025 | Fortune Fortune explains the current silver price and related ways to invest in silver.
- 8:00 PM FXEmpire · 8:00 PM September 2025 CPI Report: Implications for Fed Policy and ... FXEmpire says the September CPI report suggests inflation expectations remain anchored and Fed flexibility is intact.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall ABC BULLION : Opportunities emerge as gold market corrects ABC Bullion says opportunities are emerging as the gold market corrects.
- 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD Loses Momentum Gold is losing momentum.
- 12:45 PM Kitco News · 12:45 PM Gold’s new floor is $3,000 but that is unlikely to be tested says Natixis Natixis says gold's new floor is $3,000, though it is unlikely to be tested.
- 7:36 AM Kitco News · 7:36 AM Gold market analysis for October 29 - key intra-day price entry levels for active traders Kitco gives intraday gold price entry levels for active traders on October 29.
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