• Gold Ask $3,964.70 +$7.38 (+0.19%)
  • Silver Ask $50.32 +$0.07 (+0.14%)
  • Platinum Ask $1,437.32 +$5.30 (+0.37%)
  • Palladium Ask $951.67 +$6.82 (+0.72%)
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, August 27, 2026

Gold retreats as Warsh keeps inflation focus at Jackson Hole; PGMs slide too

Gold closed at $4,568.95 an ounce, down 1.35%, as Fed Chair Warsh’s inflation messaging kept rate-hike risk in focus around the Jackson Hole conference. Silver was nearly flat at $68.47, while platinum and palladium fell more sharply on the day.

AI summaryWritten automatically with AI from 26 linked reports and our own price data, Oct 21, 2:59 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 27, 2026

Gold $4,568.95 −1.35% 30d +13.6% Silver $68.47 −0.04% 30d +19.8% Platinum $1,821.30 −1.92% 30d +13.5% Palladium $1,307.95 −2.61% 30d +3.3%

Tone of the reports: Mixed

What happened

  1. Several outlets said gold sold off after Fed Chair Warsh struck a hawkish tone, stressing inflation and suggesting the Fed still has “work to do.”

    SourcesEarlier news service: GOLD Drops Nearly 3% Below $4,500: Fed Chair Warsh Signals Hawkish Stance, Reign..2: GOLD price drops as Warsh warns Fed still has ‘work to do’ on inflationReuters: Fed's Warsh faces challenge whether inflation is a problem or not

  2. Reuters reported that, as the Jackson Hole conference began, two Fed officials warned about inflation, reinforcing the market’s sensitivity to policy talk.

    SourcesReuters: As Jackson Hole conference kicks off, two Fed officials warn about inflation

  3. Kitco tied early price action to U.S. weekly jobless claims falling to 203,000, arguing that firmer labor data keeps the risk of tighter Fed policy “live.”

    SourcesKitco News: Gold steadies near $4,590 as claims dip, Fed hike risk stays live - Kitco AM Report2: Gold approaches $4,600/oz after U.S. weekly jobless claims fall to 203k

  4. Multiple reports said the market was waiting on (or reacting to) Warsh’s Jackson Hole remarks, with positioning cautious ahead of the speech.

    SourcesCNBC: Gold drifts higher, eyes on Fed Chair Warsh's comments - CNBCInvesting.com: Gold edges down as markets await Warsh's Jackson Hole speech2: Gold steadies near $4600 after inflation setback as Warsh speech ...Yahoo Finance: Gold Price Holds Above $4,600 Ahead of Warsh's Jackson Hole ...GuruFocus: Gold Prices Surge Ahead of Fed's Jackson Hole Meeting

  5. Several pieces highlighted longer-run demand support: central banks rebuilding reserves around gold, and expectations that China’s central bank could resume buying on a pullback.

    SourcesEarlier news service: Ahead of Jackson Hole, CENTRAL BANKS Are Rebuilding Reserves Around GoldInvesting.com: China's central bank expected to resume gold buying once prices ...

  6. In platinum news flow, Reuters reported Tharisa’s Zimbabwe platinum unit signed an offtake deal with Valterra, a supply-chain item rather than a macro driver.

    SourcesReuters: Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra

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

  • Aug 27Jackson Hole conferenceReuters and several outlets said inflation-focused Fed messaging at Jackson Hole was a key driver for gold pricing and rate expectations today.
  • Aug 27Warsh Jackson Hole remarksMultiple reports said markets were waiting for (or reacting to) Warsh’s guidance on inflation and the rate path, which can move gold through real-rate and dollar expectations.

Metal by metal

Gold $4,568.95 −1.35%

Reports framed today’s pullback as policy-driven: hawkish inflation messaging from Fed Chair Warsh and other officials, plus stronger labor data, kept rate-hike risk in focus around Jackson Hole. Longer-term narratives in the coverage stayed constructive, emphasizing central-bank reserve rebuilding, possible China buying on dips, and arguments that investors shifting away from bonds can support gold.

Gold headlines

Silver $68.47 −0.04%

No report focused on silver.

Silver headlines

Platinum $1,821.30 −1.92%

Coverage was thin. Reuters noted an offtake deal involving Tharisa’s Zimbabwe platinum unit; other commentary focused on technical upside questions rather than fresh fundamentals.

Platinum headlines

Palladium $1,307.95 −2.61%

No report focused on palladium.

Palladium headlines

The day’s reports

The 40 most important of 42 reports, New York time.

  1. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD Drops Nearly 3% Below $4,500: Fed Chair Warsh Signals Hawkish Stance, Reign.. Gold dropped nearly 3% below $4,500 after Fed Chair Warsh signaled a hawkish stance.
  2. 8:00 PM Earlier news service · 8:00 PM WORLD GOLD COUNCIL : Buyers are deserting bonds - why that's good for gold inves.. The World Gold Council explains why investors moving out of bonds could support gold.
  3. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall GOLD price drops as Warsh warns Fed still has ‘work to do’ on inflation Gold falls as Warsh says the Fed still has work to do on inflation.
  4. 8:00 PM Earlier news service · 8:00 PM▼ Reports a fall RUSSIA's gold and foreign exchange reserves have fallen by $33 billion amid the .. Russia's gold and foreign exchange reserves have fallen by $33 billion.
  5. 10:35 AM Reuters · 10:35 AM As Jackson Hole conference kicks off, two Fed officials warn about inflation Two Fed officials warn about inflation as the Jackson Hole conference begins.
  6. 9:08 AM Kitco News · 9:08 AM Gold steadies near $4,590 as claims dip, Fed hike risk stays live - Kitco AM Report Gold steadies near $4,590 as jobless claims dip and Fed hike risk remains.
  7. 8:46 AM Reuters · 8:46 AM Fed's Warsh faces challenge whether inflation is a problem or not Warsh faces questions over whether inflation is still a problem.
  8. 8:00 PM Bloomberg · 8:00 PM▲ Reports a rise Harmony Gold Profit Doubles on Soaring Prices Despite Hedge Loss Harmony Gold said profit doubled as higher gold prices boosted results despite a hedge loss.
  9. 8:00 PM Economies.com · 8:00 PM▲ Reports a rise Gold nears 15-week high ahead of Jackson Hole - Economies.com Gold nears a 15-week high ahead of Jackson Hole.
  10. 8:00 PM Investing.com · 8:00 PM Gold steadies near $4600 after inflation setback as Warsh speech ... Gold steadies near $4,600 after inflation data and ahead of Warsh's speech.
  11. 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise Gold Fields (GFI) Rides A Gold Price Surge To Record Cash Flow Gold Fields says a gold price surge is driving record cash flow.
  12. 8:00 PM Investing.com · 8:00 PM▼ Reports a fall Gold edges down as markets await Warsh's Jackson Hole speech Gold edges down as markets wait for Warsh's Jackson Hole speech.
  13. 8:00 PM Yahoo Finance · 8:00 PM Gold Price Holds Above $4,600 Ahead of Warsh's Jackson Hole ... Gold holds above $4,600 ahead of Warsh's Jackson Hole remarks.
  14. 8:00 PM Earlier news service · 8:00 PM Why CHINA will continue to provide support for gold The article says China will continue to support gold.
  15. 8:00 PM Earlier news service · 8:00 PM SAXO BANK : Gold pauses after powerful four-day rally Saxo Bank says gold paused after a powerful four-day rally.
  16. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS Sees $80.22 SILVER Upside Target UBS sees silver with an $80.22 upside target.
  17. 8:00 PM Earlier news service · 8:00 PM MAREX : Wolf: Currency Weakness, Intervention Lift Gold Flows Marex says currency weakness and intervention are boosting gold flows.
  18. 8:00 PM Earlier news service · 8:00 PM RBC : Buyers Are Coming Back, And RBC Has The Numbers RBC says buyers are returning to the gold market and cites its data.
  19. 8:00 PM Earlier news service · 8:00 PM STONEX : Gold - What now after Warsh’s hawkish speech? Stonex discusses gold after Warsh's hawkish speech.
  20. 5:07 PM Reuters · 5:07 PM Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra Tharisa's Zimbabwe platinum unit signs an offtake deal with Valterra.
  21. 5:05 PM Reuters · 5:05 PM Argentina, Chile revive cross-border mining framework for investment Argentina and Chile revive a cross-border mining framework to support investment.
  22. 5:01 PM Reuters · 5:01 PM South Africa’s Harmony raises dividend after profit surge Harmony raises its dividend after a surge in profit.
  23. 2:21 PM Reuters · 2:21 PM Fed's Hammack tells Fox Business inflation likely to ease slowly Fed's Hammack says inflation is likely to ease slowly.
  24. 2:17 PM Reuters · 2:17 PM Fed's Collins says latest US inflation readings are 'mixed' Fed's Collins says the latest U.S. inflation data are mixed.
  25. 8:49 AM Reuters · 8:49 AM Gold steady as investors await speech by Fed's Warsh for policy outlook Gold is steady as investors wait for Warsh's speech on policy.
  26. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Gold approaches $4,600/oz after U.S. weekly jobless claims fall to 203k Gold approaches $4,600 an ounce after U.S. weekly jobless claims fell to 203,000.
  27. 7:02 AM Reuters · 7:02 AM TSX futures slip as investors digest bank earnings, geopolitical ... Reuters says gold was little changed as investors weighed bank earnings, geopolitical tensions and fresh trade levies.
  28. 12:10 AM GuruFocus · 12:10 AM▲ Reports a rise Gold Prices Surge Ahead of Fed's Jackson Hole Meeting Gold prices rebounded above $4,600 an ounce as investors focused on the Federal Reserve's interest-rate path ahead of Jackson Hole.
  29. 8:00 PM Investing.com · 8:00 PM Gold: On-Off Diplomatic Talks May Overshadow Jackson Hole Investing.com says on-off diplomatic talks may overshadow Jackson Hole for gold.
  30. 8:00 PM Investing.com · 8:00 PM What India's Gold Discount Is Really Telling Us | Investing.com Investing.com discusses what India's gold discount may indicate after the government raised import duty.
  31. 8:00 PM Investing.com · 8:00 PM Scorpio Gold to list American depositary shares on Nasdaq Scorpio Gold plans to list American depositary shares on Nasdaq.
  32. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise 'Gold is a clear beneficiary of de-dollarization… and we think it can ... Kitco says gold benefits from de-dollarization and could rise further by next summer.
  33. 8:00 PM Earlier news service · 8:00 PM BULLIONVAULT : Gold: 'You're Not Bullish Enough' BullionVault argues gold investors may not be bullish enough.
  34. 8:00 PM Earlier news service · 8:00 PM SILVER : Six Paper Claims, One Ounce of SILVER: What First Notice Day Reveals An article explains what silver first notice day may reveal about paper claims versus physical ounces.
  35. 8:00 PM Earlier news service · 8:00 PM AJ BELL : Gold price: how much higher can it go? AJ Bell asks how much higher the gold price can go.
  36. 8:00 PM Earlier news service · 8:00 PM HONG KONG builds strategic case for a gold hub Hong Kong is building a strategic case to become a gold hub.
  37. 8:00 PM Earlier news service · 8:00 PM STANDARD CHARTERED : Is gold set to shine once more? Standard Chartered asks whether gold is set to shine again.
  38. 8:00 PM Earlier news service · 8:00 PM ABC BULLION Monthly Market Update July 2026 ABC Bullion issued its monthly market update for July 2026.
  39. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise FIDELITY : Why are gold and bitcoin rising together? Fidelity asks why gold and bitcoin are rising together.
  40. 4:06 PM Kitco News · 4:06 PM▲ Reports a rise Forget $10,000 gold, the trend is higher until governments fix their debt – John LaForge John LaForge says the gold trend is higher until governments address debt.

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