Daily brief · Thursday, December 11, 2025
Gold and silver extend post-Fed rally; silver sets fresh records
Gold finished higher as multiple outlets tied the move to the Federal Reserve’s rate cut and a softer dollar backdrop. Silver outperformed again, with several reports noting new record highs during the session after the same Fed catalyst.
AI summaryWritten automatically with AI from 21 linked reports and our own price data, Oct 21, 2:24 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 December 11, 2025
Tone of the reports: Mixed
What happened
Reuters said gold climbed to a more than one-month high after the Fed rate cut, while silver hit a record high in the same post-decision move.
SourcesReuters: Gold climbs to over one-month high after Fed rate cut; silver hits record high
Bloomberg reported gold held gains after the Fed delivered a rate cut and leaned dovish, while silver pushed to a record above $64 an ounce.
SourcesBloomberg: Gold Holds Gains as Fed Delivers Rate Cut and Leans Dovish ...
CNBC noted gold eased after a divided Fed rate-cut vote, even as silver printed another new high.
SourcesCNBC: Gold eases after divided Fed rate cut vote; silver hits new high
Reuters’ Fed story said policymakers were divided, the Fed signaled a pause, and projections pointed to one cut in 2026 as growth rebounded.
SourcesReuters: Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
Kitco said gold prices were up and silver powered to another record high, echoing the stronger momentum in silver relative to gold.
SourcesKitco News: Gold price up, silver powers to another record high
An Italy-focused Reuters item highlighted politics around official gold holdings, with Meloni’s party arguing foreign entities should have no rights over Italy’s gold reserves.
SourcesReuters: Foreign entities should have no rights on Italy's gold reserves, Meloni's party says
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
Lower rates and a dovish Fed tone were cited as supportive for gold and silver in post-decision trading.
SourcesReuters: Gold climbs to over one-month high after Fed rate cut; silver hits record highBloomberg: Gold Holds Gains as Fed Delivers Rate Cut and Leans Dovish ...Investing.com: Gold and Silver: Fed Rate Cut Pushes Precious Metals to New ...2: Fed Cuts Rates – Now What's the Trade? | investing.com
ING expects gold’s bull market to continue into 2026, with prices averaging $4,325/oz, according to Kitco.
SourcesKitco News: Gold’s bull market run will continue in 2026, prices to average $4,325/oz – ING
Goldman Sachs sees “significant upside” to its 2026 gold target of $4,900/oz, Kitco reported.
SourcesKitco News: Goldman Sachs sees ‘significant upside' to its 2026 gold price target of $4,900/oz
China’s record-low silver inventory was flagged as a risk factor for the solar supply chain, a narrative that can be read as supportive for silver on supply concerns.
SourcesEarlier news service: CHINA’s Record Low Silver Inventory Raises Global Solar Supply Chain Risk
The case for lower prices
Reuters reported the Fed signaled a pause after cutting rates, and it projected only one cut in 2026 as growth rebounded—language that some readers may interpret as limiting the pace of further easing.
SourcesReuters: Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
CNBC said gold eased after the Fed decision due to the divided vote, underscoring that the initial reaction in gold was not one-way even as silver made new highs.
SourcesCNBC: Gold eases after divided Fed rate cut vote; silver hits new high
Action Forex said gold pulled back from its post-FOMC high and framed $4,250 as a key level for bullish continuation, implying technical sensitivity around that area.
SourcesAction Forex: Gold (XAU/USD) Forecast: $4250/oz Holds the Key for Bullish Continuation
Metal by metal
The day’s reports
30 reports, most important first, New York time.
- 2:19 PM Reuters · 2:19 PM▲ Reports a rise Gold climbs to over one-month high after Fed rate cut; silver hits record high Gold rises to a more than one-month high after the Fed rate cut, while silver hits a record high.
- 7:00 PM Bloomberg · 7:00 PM▲ Reports a rise Gold Holds Gains as Fed Delivers Rate Cut and Leans Dovish ... Bloomberg says gold rose after the Fed cut rates and sounded dovish, while silver hit a record above $64 an ounce.
- 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise Why CENTRAL BANKS are turning to gold The article explains why central banks are turning to gold.
- 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise GOLD Rally Roars On Post-Fed Following Bull Pennant Breakout Gold's post-Fed rally continues after a bullish pennant breakout.
- 3:29 PM Kitco News · 3:29 PM▲ Reports a rise Gold’s bull market run will continue in 2026, prices to average $4,325/oz – ING ING expects the gold bull market to continue in 2026, with prices averaging $4,325 an ounce.
- 1:48 PM Kitco News · 1:48 PM▲ Reports a rise Goldman Sachs sees ‘significant upside' to its 2026 gold price target of $4,900/oz Goldman Sachs sees significant upside to its 2026 gold price target of $4,900 an ounce.
- 8:03 AM Kitco News · 8:03 AM▲ Reports a rise Gold price up, silver powers to another record high Kitco reports gold prices rose while silver surged to another record high.
- 3:00 AM CNBC · 3:00 AM Gold eases after divided Fed rate cut vote; silver hits new high Gold slipped after the Fed's divided rate cut vote, while silver hit another record high.
- 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Fed Cuts Rates – Now What's the Trade? | investing.com Investing.com discusses the post-Fed trade, saying gold jumped and the dollar slid after rate cuts.
- 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Gold and Silver: Fed Rate Cut Pushes Precious Metals to New ... Investing.com says the Fed rate cut lifted gold and silver, with markets watching for more cuts if inflation cools and labor softness continues.
- 7:00 PM Earlier news service · 7:00 PM▼ Reports a fall SILVER Retreats after Record Rally Silver retreats after a record rally.
- 7:00 PM Earlier news service · 7:00 PM INDIA : Pension funds allowed invest in gold and silver ETFs India will allow pension funds to invest in gold and silver ETFs.
- 7:00 PM Earlier news service · 7:00 PM ITALY : Meloni’s party wants government control over Italy’s gold reserves. Why .. Italy's Meloni party wants government control over the country's gold reserves.
- 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise BANK OF AMERICA sends strong message on gold prices Bank of America gives a bullish message on gold prices.
- 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise GOLDMAN SACHS Sees Potential for Gold Significantly Above $4,900 Goldman Sachs sees gold potentially rising well above $4,900.
- 7:00 PM Earlier news service · 7:00 PM WORLD GOLD COUNCIL : CHINA gold market update: November demand feels the VAT ref.. The World Gold Council says China gold demand in November felt the effect of VAT changes.
- 1:07 PM Kitco News · 1:07 PM▲ Reports a rise Silver has rallied above $63, but it still has plenty of upside in 2026, says MarketGauge’s Schneider Silver's rally above $63 may still have further upside in 2026, according to MarketGauge's Schneider.
- 11:45 AM Kitco News · 11:45 AM▲ Reports a rise Soaring silver pulling gold along for the ride Silver's surge is helping lift gold prices as well.
- 11:40 AM Reuters · 11:40 AM Foreign entities should have no rights on Italy's gold reserves, Meloni's party says Meloni's party says foreign entities should have no rights over Italy's gold reserves.
- 10:51 AM Action Forex · 10:51 AM Gold (XAU/USD) Forecast: $4250/oz Holds the Key for Bullish Continuation Gold has fallen from a post-FOMC high, and a $4,250 level is seen as key for further bullish continuation.
- 8:34 AM Kitco News · 8:34 AM Gold prices remain anchored despite volatile U.S. labor market Kitco says gold prices stayed anchored despite a volatile U.S. labor market.
- 7:00 PM Bloomberg · 7:00 PM▼ Reports a fall Canada Posts First Goods Trade Surplus Since January as Exports ... Bloomberg reports Canada posted its first goods trade surplus since January as unwrought gold imports declined.
- 7:00 PM Bloomberg · 7:00 PM▲ Reports a rise Trump Still Wrestling With How to Deal With Affordability Issue ... Bloomberg says a surge in gold exports helped narrow the US trade deficit.
- 7:00 PM Investing.com · 7:00 PM How to Use the Gold-Silver Ratio to Trade | Investing.com India Investing.com India explains how traders can use the gold-silver ratio to trade gold and silver futures.
- 7:00 PM Earlier news service · 7:00 PM AJ BELL : Is there a bubble in the gold price? One expert thinks so AJ Bell asks whether the gold price is in a bubble, citing one expert who thinks so.
- 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise HERAEUS Analysts Forecast Gold Could Reach $5,000 by 2026 Heraeus analysts forecast gold could reach $5,000 by 2026.
- 7:00 PM Earlier news service · 7:00 PM RUFFER : We still like gold, but here’s why we’ve halved exposure Ruffer says it still likes gold but has reduced its gold exposure.
- 12:01 PM Benzinga · 12:01 PM What the Options Market Tells Us About Royal Gold - Royal Gold (NASDAQ:RGLD) An options-market report says investors have turned bullish on Royal Gold.
- 7:40 AM Kitco News · 7:40 AM Gold market analysis for December 11 - key intra-day price entry levels for active traders Kitco published a gold market analysis with key intraday price entry levels for active traders.
- 7:00 PM Earlier news service · 7:00 PM PRECIOUS METALS CONFERENCES & WEBINARS 2026 The item lists precious metals conferences and webinars for 2026.
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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