• 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 · Thursday, June 11, 2026

Gold ends down 2.30% at $4,074.85 as hot PPI and rate fears keep pressure on

Gold finished lower at $4,074.85 an ounce and silver slipped to $63.80 as several reports tied the day’s price action to sticky inflation data and worries that interest rates could stay higher for longer. Some headlines still pointed to support from geopolitical tension and central-bank buying, but the dominant theme was pressure on metals from yields and rate expectations.

AI summaryWritten automatically with AI from 30 linked reports and our own price data, Oct 21, 2:49 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 June 11, 2026

Gold $4,074.85 −2.30% 30d −12.9% Silver $63.80 −1.03% 30d −23.7% Platinum $1,668.00 −0.77% 30d −21.2% Palladium $1,241.00 +0.16% 30d −16.7%

Tone of the reports: Mixed

What happened

  1. Kitco said U.S. May producer inflation came in hotter than expected (PPI up 1.1%, core up 0.4%), and reported gold and silver edged lower as that data kept pressure on precious metals.

    SourcesKitco News: Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%2: Gold, silver edge lower as PPI stays hot - Kitco AM Report

  2. Reuters reported gold rebounded from a six-month low earlier, but said fears of further rate hikes capped gains.

    SourcesReuters: Gold rebounds from six-month low but rate-hike fears cap gains

  3. Kitco’s PM coverage described gold “breaking toward $4,000,” blaming pressure from oil and rising yields.

    SourcesKitco News: Gold breaks toward $4,000 as oil, yields weigh on metals - Kitco PM Report

  4. Kitco said gold stayed under pressure even as weekly U.S. jobless claims rose to 229,000.

    SourcesKitco News: Gold price remains under pressure as U.S. jobless claims rises to 229k

  5. Kitco reported the National Bank of Georgia bought $100 million in physical gold, a reminder that official-sector buying is still present even during pullbacks.

    SourcesKitco News: National Bank of Georgia buys $100 million in physical gold

  6. Reuters reported Indonesian police raided a gold firm in an illegal mining probe tied to $1.4 billion in transactions, a supply-chain headline that added to market noise around the gold sector.

    SourcesReuters: Indonesian police raid gold firm in $1.4 billion illegal mining probe ...

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

  • UpcomingECB decisionSeveral reports pointed to the ECB and euro moves as a near-term driver for gold pricing and cross-currency demand signals.

Metal by metal

Gold $4,074.85 −2.30%

Kitco and Reuters coverage centered on inflation data, yields, and rate-hike fears keeping gold under pressure and pulling it toward the $4,000 area, even when prices bounced intraday. Kitco also highlighted fresh official-sector demand with the National Bank of Georgia’s $100 million physical gold purchase.

Gold headlines

Silver $63.80 −1.03%

Kitco said silver led metals higher at one point as traders defended a key support level, but other Kitco coverage still tied near-term direction to hot PPI data weighing on precious metals. FXStreet framed silver strength around a softer dollar and improving sentiment tied to U.S. tariff-related hopes.

Silver headlines

Platinum $1,668.00 −0.77%

No report focused on platinum.

Platinum headlines

Palladium $1,241.00 +0.16%

No report focused on palladium.

Palladium headlines

The day’s reports

27 reports, most important first, New York time.

  1. 11:45 AM Kitco News · 11:45 AM National Bank of Georgia buys $100 million in physical gold The National Bank of Georgia bought $100 million in physical gold.
  2. 8:29 AM Kitco News · 8:29 AM▲ Reports a rise Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4% Spot gold trades at $4,062 after U.S. May producer prices rise more than expected.
  3. 8:09 AM Reuters · 8:09 AM▲ Reports a rise Gold rebounds from six-month low but rate-hike fears cap gains Gold rebounds from a six-month low, but fears of further rate hikes limit gains.
  4. 8:00 PM Investing.com · 8:00 PM Gold Stabilizes After Softer CPI as Markets Shift Focus Toward ECB ... Gold steadies after softer CPI as markets shift attention to the ECB.
  5. 8:00 PM Economies.com · 8:00 PM▲ Reports a rise Bitcoin holds above $60,000 as traders search for a clear direction A commodity wrap says gold and silver extended gains as markets reacted to oil, Iran tensions and other global factors.
  6. 8:00 PM Kitco News · 8:00 PM▼ Reports a fall Gold price remains under pressure as U.S. jobless claims rises to 229k Gold prices remained under pressure as U.S. jobless claims rose to 229,000.
  7. 8:00 PM Kitco News · 8:00 PM▼ Reports a fall Gold price continues to struggle against euro as ECB raises interest ... Gold continues to struggle against the euro as the ECB raises interest rates.
  8. 8:00 PM Invezz · 8:00 PM▲ Reports a rise Commodity wrap: Oil climbs on US–Iran tensions; gold, silver extend ... A commodity wrap says oil climbed on U.S.-Iran tensions while gold and silver extended gains.
  9. 8:00 PM Investing.com · 8:00 PM▼ Reports a fall Spot gold gives up some gains as oil fluctuates amid Mideast tensions Spot gold gives up some gains as oil fluctuates amid Middle East tensions.
  10. 4:57 PM Kitco News · 4:57 PM▲ Reports a rise Silver leads metals higher as traders defend key support - Kitco PM Report Silver led metals higher as traders defended a key support level.
  11. 11:56 AM Kitco News · 11:56 AM Precious metals traders prepare to defend $4,000 gold, while break of $60 silver would be ‘catastrophic’ - FX Empire’s Lewis Kitco says traders are preparing to defend $4,000 gold and watch $60 silver as a critical level.
  12. 8:56 AM Kitco News · 8:56 AM▼ Reports a fall Gold, silver edge lower as PPI stays hot - Kitco AM Report Gold and silver edge lower after hot producer inflation data keeps pressure on precious metals.
  13. 8:00 AM Reuters · 8:00 AM▲ Reports a rise TSX futures climb on gold gains; investors assess US-Iran escalation TSX futures rise on higher gold prices as investors watch the US-Iran escalation.
  14. 5:53 AM Reuters · 5:53 AM Indonesian police raid gold firm in $1.4 billion illegal mining probe ... Indonesian police raid a gold firm in an illegal mining probe tied to $1.4 billion in transactions.
  15. 4:08 AM financefeeds.com · 4:08 AM▼ Reports a fall Gold and Silver Erase Year-to-Date Gains as Rate Fears Hit Precious Metals Gold and silver erase their year-to-date gains after a sharp selloff in precious metals.
  16. 8:00 PM Kitco News · 8:00 PM CPM Trade Signal - June 11, 2026 | Kitco News Kitco publishes its CPM trade signal for June 11, 2026.
  17. 8:00 PM Investing.com · 8:00 PM EUR/USD, Gold Forecast: 2 Trades to Watch | investing.com Investing.com previews EUR/USD and gold trades ahead of the ECB decision.
  18. 8:00 PM MINING.COM · 8:00 PM 'Diamond Joe' Gutnick's son exits US miner with $350 million stake The son of Australian mining entrepreneur Joseph Gutnick is exiting a U.S. miner with a $350 million stake.
  19. 8:00 PM FXEmpire · 8:00 PM▲ Reports a rise Gold Price Forecast: Gold Nears $4,000 as Dow Jones Retests 50,000 FXEmpire says gold is nearing $4,000 in a bullish forecast tied to inflation and a weaker U.S. dollar.
  20. 8:00 PM Yahoo Finance · 8:00 PM Labrador Gold Announces 2026 Exploration Plans for Pacific ... Labrador Gold announced 2026 exploration plans for its Mariposa and Eureka Dome gold projects.
  21. 8:00 PM MINING.COM · 8:00 PM Venezuela retains Greenberg Traurig for US court case against ... Venezuela retained Greenberg Traurig for a U.S. court case against Crystallex.
  22. 8:00 PM Investing.com · 8:00 PM Set Free From Gold, the Fed and Both Aisles Ruined America A market analysis piece discusses gold, the Fed, the dollar and oil.
  23. 4:10 PM Kitco News · 4:10 PM Don't fear a drop below $4,000, gold's bull market isn't broken - Thorsten Polleit Kitco reports that a drop below $4,000 would not break gold's bull market, according to Thorsten Polleit.
  24. 3:36 PM The Manila Times · 3:36 PM Crown Gold Exchange Releases Report Alerting Families to Rising Gold Scam Targeting Seniors Crown Gold Exchange warned families about scammers targeting seniors with gold-buying fraud.
  25. 7:23 AM The Manila Times · 7:23 AM Labrador Gold to Host Investor Webinar on the Mariposa Gold Project in Yukon’s White Gold District Labrador Gold says it will host an investor webinar on its Mariposa Gold Project in Yukon.
  26. 6:36 AM BusinessLine · 6:36 AM Volatile gold, rising recycling: Is old gold now 40–50% of demand? A podcast discusses India's volatile gold market, recycling trends, and shifting demand.
  27. 1:54 AM FXStreet · 1:54 AM▲ Reports a rise Silver Price Forecast: XAG/USD rises to near $64 on hopes that US ... Silver is forecast to rise toward $64 as the dollar weakens and U.S. tariff hopes improve.

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