• Gold Ask $3,967.96 +$10.64 (+0.27%)
  • Silver Ask $50.08 −$0.17 (−0.34%)
  • Platinum Ask $1,430.69 −$1.36 (−0.10%)
  • Palladium Ask $947.32 +$1.89 (+0.20%)
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 · Wednesday, July 29, 2026

Gold ends lower at $4,000.85 after Fed hold; silver edges up while PGMs slip

Gold finished down on the day even as several reports framed the Federal Reserve’s rate hold as supportive. Silver held up better, while platinum and palladium both closed lower as attention stayed on rates, yields, and broader risk sentiment.

AI summaryWritten automatically with AI from 21 linked reports and our own price data, Oct 21, 2:53 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 July 29, 2026

Gold $4,000.85 −0.53% 30d −0.6% Silver $57.40 +0.39% 30d −0.5% Platinum $1,596.90 −0.50% 30d +0.6% Palladium $1,255.30 −0.87% 30d +3.6%

Tone of the reports: Mixed

What happened

  1. Kitco reported gold and silver firmed after the Fed left rates unchanged, with risk-off pressure tied to an oil spike near Hormuz affecting equities and lifting safe-haven interest.

    SourcesKitco News: Gold, silver firm as Fed hold, Hormuz oil spike hit equities - Kitco PM Report2: Gold price jumps as Federal Reserve leaves interest rates unchanged

  2. Kitco said traders stayed defensive ahead of the Fed decision and focused on whether policy would stay restrictive, keeping gold supported above the $4,000 area in morning trade.

    SourcesKitco News: Gold holds above $4,000 as Fed decision keeps traders defensive - Kitco AM Report

  3. An imported market wrap said gold slipped as higher U.S. Treasury yields outweighed attention on Fed chair Warsh’s inflation views.

    SourcesEarlier news service: GOLD slips as higher US TREASURY YIELDS offset focus on Fed chair Warsh’s inflat..

  4. Investing.com said a firm U.S. dollar weighed on gold into the decision, keeping the market sensitive to rates and currency moves.

    SourcesInvesting.com: Gold prices slip as firm dollar weighs; Fed decision eyed

  5. StoneX, via Kitco, argued gold and silver may remain range-bound and that markets were overstating the odds of Fed rate hikes.

    SourcesKitco News: Gold and silver likely stuck in current range, markets overstate chances of Fed rate hikes – StoneX

  6. Kitco reported gold forecasts have been falling, but central bank buying is still expected by analysts to cushion pullbacks.

    SourcesKitco News: Gold forecasts fall, but central bank buying expected to cushion retreat

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

  • Jul 29Federal Reserve rate decisionMultiple reports tied near-term moves in gold and silver to the Fed’s hold and the market’s interpretation of policy risks.

Metal by metal

Gold $4,000.85 −0.53%

Reports were split on direction: Kitco highlighted support from the Fed holding rates and broader risk-off headlines, while other coverage pointed to headwinds from higher Treasury yields and a firm U.S. dollar. Kitco also noted analysts trimming forecasts, with central bank buying still seen as a stabilizer.

Gold headlines

Silver $57.40 +0.39%

Coverage was mostly about consolidation and range trade: Investing.com described silver as entering a consolidation phase as markets reassess drivers, while Kitco’s reporting tied silver’s firmness to the Fed hold and risk sentiment.

Silver headlines

Platinum $1,596.90 −0.50%

Report coverage was thin. FXEmpire noted platinum declining toward the $1,600 area as traders focused on the Fed policy outlook.

Platinum headlines

Palladium $1,255.30 −0.87%

No report focused on palladium.

Palladium headlines

The day’s reports

27 reports, most important first, New York time.

  1. 2:10 PM Kitco News · 2:10 PM▲ Reports a rise Gold price jumps as Federal Reserve leaves interest rates unchanged Gold price jumps after the Federal Reserve leaves interest rates unchanged.
  2. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : INDIA - Gold Demand Trends: India Focus Q2 2026 The World Gold Council publishes its India Gold Demand Trends focus for Q2 2026.
  3. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD slips as higher US TREASURY YIELDS offset focus on Fed chair Warsh’s inflat.. Gold slips as higher U.S. Treasury yields outweigh attention on Fed chair Warsh's inflation views.
  4. 8:00 PM Earlier news service · 8:00 PM OMFIF : The golden shift: how reserve managers are rethinking risk OMFIF says reserve managers are reconsidering risk and the role of gold in reserves.
  5. 8:00 PM Earlier news service · 8:00 PM Could CHINA's Gold Reserves Surpass the U.S. Within Five Years? An article asks whether China's gold reserves could surpass the U.S. within five years.
  6. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Gold Demand Trends: Q2 2026 The World Gold Council released its Gold Demand Trends report for Q2 2026.
  7. 8:00 PM Earlier news service · 8:00 PM CENTRAL BANKS bought far less gold than thought at start of year Central banks bought far less gold than was thought at the start of the year.
  8. 8:51 AM Kitco News · 8:51 AM Gold holds above $4,000 as Fed decision keeps traders defensive - Kitco AM Report Gold is holding above $4,000 as traders stay cautious ahead of the Fed decision.
  9. 8:00 PM Earlier news service · 8:00 PM STONEX : Gold and Silver Are Caught Between a Firm Dollar and Rising Yields StoneX says gold and silver are caught between a firm dollar and rising yields.
  10. 8:00 PM Earlier news service · 8:00 PM ROYAL MINT : Retail investors buy the dip as Royal Mint reports solid demand for.. The Royal Mint says retail investors are buying the dip and demand remains solid.
  11. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Gold market shows resilience as price momentum cools in Q2 The World Gold Council says the gold market showed resilience as price momentum cooled in the second quarter.
  12. 8:00 PM Earlier news service · 8:00 PM ASEAN gold demand buoyed by Indonesia, Thailand in Q2, bucking broader global se.. ASEAN gold demand was buoyed by Indonesia and Thailand in the second quarter.
  13. 8:00 PM Earlier news service · 8:00 PM MORGAN STANLEY : Gold Wavers Ahead of Uncertain Fed Rate Decision Morgan Stanley says gold is wavering ahead of an uncertain Federal Reserve rate decision.
  14. 8:00 PM Earlier news service · 8:00 PM BANK OF NEW YORK : Gold: Central bank demand seen easing after Q2 rebound Bank of New York says central bank gold demand may ease after a second-quarter rebound.
  15. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise GOLD Holds Up as Markets Reprice Fed Outlook Amid Worries Over 19-Year High Trea.. Gold holds up as markets reprice the Fed outlook amid worries over a 19-year high Treasury yield.
  16. 8:00 PM Earlier news service · 8:00 PM COMEX: Delivery Volume Remains Elevated but Inventories are not Impacted COMEX delivery volume remains elevated, but inventories are not being affected.
  17. 8:00 PM Earlier news service · 8:00 PM INDIA’s gold demand falls 6% as volatile prices turn away consumers India's gold demand falls 6% as volatile prices turn consumers away.
  18. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise Gold Electronics Demand Rises 4% on AI Infrastructure Boom Gold electronics demand rises 4% on the AI infrastructure boom.
  19. 4:37 PM Kitco News · 4:37 PM▲ Reports a rise Gold, silver firm as Fed hold, Hormuz oil spike hit equities - Kitco PM Report Gold and silver firmed as the Fed held rates and a Hormuz oil spike hit equities.
  20. 12:27 PM Kitco News · 12:27 PM Gold and silver likely stuck in current range, markets overstate chances of Fed rate hikes – StoneX StoneX says gold and silver are likely stuck in a current range as markets overstate Fed rate-hike chances.
  21. 10:59 AM Kitco News · 10:59 AM▼ Reports a fall Gold forecasts fall, but central bank buying expected to cushion retreat Gold forecasts are falling, but central bank buying is expected to cushion the retreat.
  22. 10:28 AM inc42.com · 10:28 AM BlueStone, SafeGold Partner To Convert Household Gold Into Digital Gold BlueStone and SafeGold will let customers deposit physical gold and receive digital gold on SafeGold's platform.
  23. 10:21 AM Kitco News · 10:21 AM Fed’s core inflation comments could move markets despite likely rate hold - Fifth Third’s Adams Fifth Third's Adams says core inflation comments could move markets even if the Fed is expected to hold rates.
  24. 7:24 AM The Economic Times · 7:24 AM BlueStone, SafeGold launch platform to convert household gold into digital gold, earn annual returns BlueStone and SafeGold launched a platform to convert household gold into digital gold and earn annual returns.
  25. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS Sees Gold Rebounding To $5,200 By Mid-2027 UBS expects gold to rebound to $5,200 by mid-2027.
  26. 7:55 PM smallcaps.com.au · 7:55 PM▲ Reports a rise Barton Gold Extends Tunkillia Resource Upgrade with Broad Gold Assays Barton Gold extended its Tunkillia resource upgrade with broad gold assays.
  27. 1:54 PM Kitco News · 1:54 PM▼ Reports a fall Investors are still cashing in unwanted gold jewelry, but panic selling has faded - House of Kahn Estate Jewelers Investors are still cashing in unwanted gold jewelry, but panic selling has faded.

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