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Daily brief · Thursday, August 13, 2026

Gold and silver fell as profit-taking followed a CPI-led run-up

Gold closed at $4,373.00 an ounce (-1.21%) and silver at $64.96 (-1.95%) as reports pointed to profit-taking after prices pushed to multi-month highs on cooler inflation data. Several outlets still highlighted support from easing rate-hike odds and continued central-bank/official buying, but day-of trade was described as a pause rather than a fresh breakout.

AI summaryWritten automatically with AI from 23 linked reports and our own price data, Oct 21, 2:56 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 August 13, 2026

Gold $4,373.00 −1.21% 30d +7.3% Silver $64.96 −1.95% 30d +12.2% Platinum $1,733.80 −2.37% 30d +6.3% Palladium $1,324.50 −4.32% 30d +3.4%

Tone of the reports: Mixed

What happened

  1. Reuters said gold retreated from a more than two-month peak, with traders looking for fresh inflation cues and taking profits after the post-inflation-data move.

    SourcesReuters: Gold off two-month peak as traders seek inflation cues | Reuters2: Gold retreats on profit-taking after hitting two-month peak following inflation data

  2. Kitco’s PM coverage said gold snapped a four-day advance, tying the pullback to shifting rates and energy: yields eased and oil fell, reducing some near-term support.

    SourcesKitco News: Gold snaps four-day advance as yields ease, oil drops - Kitco PM Report

  3. Kitco said a flat July PPI reading “masked” firmer core pressure, and that gold and silver slipped after the release.

    SourcesKitco News: Gold, silver slip as flat PPI masks firm core pressure - Kitco AM Report2: Spot gold at $4,387/oz after July PPI posts flat 0.0%, core PPI up 0.2%

  4. Kitco also flagged rising weekly jobless claims (to 209k) alongside spot gold nearing $4,400 earlier, reinforcing the market focus on U.S. data and rates.

    SourcesKitco News: Spot gold approaches $4,400/oz after U.S. weekly jobless claims rise to 209k

  5. Bloomberg reported the Bank of Korea made its first gold-linked investment in 13 years, using SPDR Gold Shares, adding to the day’s narrative around official-sector interest.

    SourcesBloomberg: Bank of Korea Makes First Gold-Linked Investment in 13 Years

  6. World Gold Council reporting highlighted strong official-sector buying in China, and a separate report said China bought the most gold since 2023 in July.

    SourcesEarlier news service: WORLD GOLD COUNCIL : CHINA gold market update: Strong official sector buying in ..2: CHINA Bought the Most Gold Since 2023 in July. Here’s Why.

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

  • SeptemberMore core inflation dataKitco said experts want more evidence from core inflation ahead of September, because it could shape expectations for Fed policy and rates, which are key drivers for gold pricing.

Metal by metal

Gold $4,373.00 −1.21%

Multiple reports framed Thursday as a pullback after gold hit a more than two-month peak on cooler inflation data, with profit-taking a key driver. At the same time, official-sector demand stayed in focus: Bloomberg cited the Bank of Korea’s first gold-linked investment in 13 years, and the World Gold Council pointed to strong official buying in China.

Gold headlines

Silver $64.96 −1.95%

Kitco said silver slipped alongside gold after PPI, as the headline reading was flat but core pressure was firmer. Beyond that, silver-specific reporting in today’s set was limited.

Silver headlines

Platinum $1,733.80 −2.37%

No report focused on platinum.

Platinum headlines

Palladium $1,324.50 −4.32%

No report focused on palladium.

Palladium headlines

The day’s reports

33 reports, most important first, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : CHINA gold market update: Strong official sector buying in .. World Gold Council reports strong official-sector buying in China’s gold market update.
  2. 4:43 PM Kitco News · 4:43 PM▼ Reports a fall Gold snaps four-day advance as yields ease, oil drops - Kitco PM Report Gold snaps a four-day advance as yields ease and oil drops.
  3. 3:20 PM Reuters · 3:20 PM▼ Reports a fall Gold retreats on profit-taking after hitting two-month peak following inflation data Gold retreats on profit-taking after hitting a two-month peak following inflation data.
  4. 3:12 PM Kitco News · 3:12 PM▲ Reports a rise Cooler CPI and PPI boost gold and ease rate hike bets, but the Fed needs more from core ahead of September – Experts Kitco says cooler CPI and PPI lifted gold and eased rate hike bets, though experts want more core inflation data before September.
  5. 10:43 AM Kitco News · 10:43 AM▲ Reports a rise UBS sees gold price challenging $5,000/oz in H1 2027 on lower real rates, softer USD and strong sovereign demand UBS sees gold challenging $5,000 an ounce in early 2027 on lower real rates, a softer dollar and strong sovereign demand.
  6. 6:36 AM Investing.com · 6:36 AM▼ Reports a fall Gold holds near $4400 after CPI-fuelled rally as Fed, Hormuz stay in ... Investing.com says gold held near $4,400 after a CPI-fueled rally eased pressure on the Fed to raise rates.
  7. 6:36 AM Bloomberg · 6:36 AM Bank of Korea Makes First Gold-Linked Investment in 13 Years Bloomberg says the Bank of Korea made its first gold-linked investment in 13 years through SPDR Gold Shares.
  8. 8:00 PM Earlier news service · 8:00 PM VENEZUELA Wants Its $4bn of Gold Back From London Venezuela wants its $4 billion of gold back from London.
  9. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise PRECIOUS METALS Continue to Rebound Precious metals are continuing to rebound.
  10. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHINA's Gold Investing Outweighs Jewelry 2.5x The article says gold investing in China outweighs jewelry demand by 2.5 times.
  11. 8:00 PM Earlier news service · 8:00 PM GHANA’s new partnership boosts gold refining capacity Ghana’s new partnership is boosting gold refining capacity.
  12. 8:00 PM Earlier news service · 8:00 PM TETHER : KPMG Counted Every Gold Bar: Tether Lands Its First Full Audit After Ye.. Tether says KPMG counted every gold bar in its first full audit.
  13. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise CHINESE demand places gold rebound on solid footing Chinese demand is said to be putting gold’s rebound on solid footing.
  14. 8:59 AM Kitco News · 8:59 AM▼ Reports a fall Gold, silver slip as flat PPI masks firm core pressure - Kitco AM Report Kitco says gold and silver slipped after flat PPI masked firm core inflation pressure.
  15. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold at $4,387/oz after July PPI posts flat 0.0%, core PPI up 0.2% Kitco reports spot gold at $4,387 an ounce after July PPI was flat and core PPI rose 0.2%.
  16. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold approaches $4,400/oz after U.S. weekly jobless claims rise to 209k Kitco says spot gold approached $4,400 an ounce after U.S. weekly jobless claims rose to 209,000.
  17. 6:36 AM Investing.com · 6:36 AM This Australian midcap miner is well-exposed to both gold and copper An Investing.com piece says this Australian midcap miner has exposure to both gold and copper and trades at a discount to fair value.
  18. 6:36 AM Investing.com · 6:36 AM Senco Gold Ltd (NSE:SENCO) (Q1 2027) Earnings Call Highlights Investing.com reports that Senco Gold discussed import issues and uncertainty around possible duty changes in its earnings call.
  19. 6:36 AM Invezz · 6:36 AM▲ Reports a rise Gold is back near two-month highs: can PPI trigger a $4,500 breakout? Invezz says gold is near two-month highs as cooling inflation and softer Fed rate expectations support demand.
  20. 6:36 AM Investing.com · 6:36 AM▼ Reports a fall Gold Rally Loses Momentum as Hormuz Uncertainty Keeps Markets ... Investing.com says gold's rally lost momentum as markets weighed Hormuz uncertainty and softer inflation pressure.
  21. 8:00 PM Earlier news service · 8:00 PM SAXO BANK : Silver ETF - What a long-dated call buys you instead of the shares Saxo Bank discusses a silver ETF and what a long-dated call offers instead of buying the shares.
  22. 8:00 PM Earlier news service · 8:00 PM Sen. RAND PAUL Visited Fort Knox and Confirmed, 'Yes, the Gold Is There.' He Say.. Sen. Rand Paul says he visited Fort Knox and confirmed the gold is there.
  23. 8:00 PM Earlier news service · 8:00 PM AJ BELL : Is recent gold price strength fleeting or sustainable? AJ Bell asks whether recent gold price strength is temporary or sustainable.
  24. 8:00 PM Earlier news service · 8:00 PM Is the case for GOLD still intact? The article asks whether the case for gold is still intact.
  25. 8:00 PM Earlier news service · 8:00 PM STONEX : Dollar Drawdowns Explain Which Way Gold Goes but Not How Far It Runs StoneX says dollar drawdowns explain which way gold moves, but not how far it runs.
  26. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise RBC Sees $5,250 In 2027 RBC sees gold at $5,250 in 2027.
  27. 8:00 PM Earlier news service · 8:00 PM GOLD : The Perfect Correction and the Road Ahead The article argues gold’s correction was ideal and looks at the road ahead.
  28. 6:36 AM FXEmpire · 6:36 AM▲ Reports a rise Gold Price Forecast: Cooling US Inflation Sets the Stage for a Break ... FXEmpire says cooling U.S. inflation keeps gold bullish and could set up another rally.
  29. 6:36 AM Yahoo Finance · 6:36 AM Venezuela looks to UK-held gold reserves for reconstruction as ... Yahoo Finance says Venezuela is looking to UK-held gold reserves for reconstruction efforts after earthquakes.
  30. 2:44 AM FXStreet · 2:44 AM▼ Reports a fall Indian Rupee: Contained inflation supports RBI pause - FXStreet FXStreet says gold extended its intraday pullback as the Indian rupee stayed supported by contained inflation and an RBI pause.
  31. 12:45 AM Reuters · 12:45 AM Indian gold loan lender Muthoot FinCorp files for $314 million IPO Reuters says Indian gold lender Muthoot FinCorp has filed for a $314 million IPO.
  32. 8:00 PM Earlier news service · 8:00 PM INFOGRAPHIC : The Rising Importance of Gold in Modern Portfolios An infographic highlights the growing importance of gold in modern portfolios.
  33. 8:00 PM Earlier news service · 8:00 PM JOHNSON MATTHEY KILOBARS : Builders unearth €9m gold loot sealed in walls of Bel.. A story reports builders unearthed €9 million in gold loot sealed inside walls in Belgium.

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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