AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

8/15/2025: Gold edges up on weak dollar

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold edged up less than 0.1% to close at $3,336 as the dollar fell further after hot wholesale inflation damped expectations for aggressive easing from the Fed this fall. Bullion still fell 3% for the week on hawkish rate view. Silver was down 0.2% for the day and 1.4% for the week, finishing at $37.89 an ounce.

The market continued to digest yesterday's higher-than-expected Producer Price Index data for July. Wholesale prices jumped 0.9% to lift the 12-month rate of wholesale inflation from 2.4% to 3.3%, the highest in five months.

The PPI followed a CPI report earlier in the week showing consumer inflation unchanged at 2.7%. This surprisingly benign data prompted traders to speculate that the Fed could be inclined to cut interest rates by as much as 75 basis points this year. The hot PPI data signal higher consumer inflation is probably in the pipeline and reduces that chance.

But upbeat US retail sales data could complicate the Fed's outlook. Sales rose 0.5% in July, a second month of gains. But they were led by auto purchases as consumers tried to get ahead of higher prices caused by tariffs. Without cars, the rise was a more modest 0.3%,

The dollar fell 0.4% against major rivals, supporting gold and other commodities by making them cheaper overseas.

Benchmark 10-year Treasury yields crept back above 4.3% on reduced expectations for three rate cuts this year.

Platinum dropped 1.4% but posted a weekly rise of 0.6%. Palladium fell 2.6% today but gained 0.9% this week.