AGE Daily Gold Update

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

10/14/2025: Gold closes at new record

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold gained 0.7% to close at a new record high near $4,139 as renewed trade war worries drove safe-haven demand and the dollar fell on expectations of rate cuts from the Fed. Silver added 0.4% to finish at $50.31 an ounce.

President Trump has threatened China with additional duties of 100% atop of existing tariffs, rekindling trade-war concerns. The threat comes as new 25% tariffs take effect on upholstered furniture, bathroom vanities, and other items, and 10% duties on lumber and timber.

Meanwhile, in his last scheduled remarks before the Fed meets next week, Fed Chair Jerome Powell left the door open to two more rate cuts of 25 basis points this year, citing ongoing weakness in the labor market.

The dollar fell 0.2% against major rivals on expectations for lower interest rates. A falling dollar boosts gold and other commodities by making them less expensive in other currencies. Benchmark 10-year Treasury yields slipped to just above 4%.

Gold has rallied nearly 58% to a succession of all-time highs this year behind safe-haven inflows driven by geopolitical upheaval, economic uncertainty, central bank buying, and. More recently, retail investment.

Platinum slid 0.9% while palladium rose 1.5%.

At the New York spot close: gold gained $30.10 to $4,138.70; silver rose 18 cents to $50.31; platinum dipped $14.50 to $1,655.10; and palladium picked up $22.50 to $1,531.90 an ounce.