AGE Daily Gold Update

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

9/10/2025: Gold nearly flat after soft PPI

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold was nearly flat, adding 30 cents to close near $3,644, after mixed wholesale inflation data pressured Treasury yields and gave the dollar a slight lift. Silver rose 35 cents to finish at $41.23.

The Producer Price Index unexpectedly dipped 0.1% in August after rising 0.7% in July, signaling that wholesale inflation has yet to escalate because of tariffs. The cost of services fell 0.2% as margins in trade services compressed. The cost of goods rose 0.1%.

Economists speculated that firms are eating cost increases rather than passing them on to consumers. This week's release of the Consumer Price Index will give additional clues about the course of inflation.

Benchmark 10-year Treasury yields retreated to under 4.05% on expectations that the soft PPI will encourage the Fed to lower interest rates next week to support the declining labor market. Falling yields support gold by decreasing the opportunity cost for holding it instead of bonds for safety.

The dollar added less than 0.1%, capping gold's rising by making it slightly pricier overseas.

Platinum and palladium rose /1.6% and 2.3%, respectively.

At the New York spot close: gold gained 30 cents to $3.643.60; silver rose 35 cents to $41.23; platinum picked up $22.50 to $1,395.15; and palladium climbed $26.50 to $1,19430 an ounce.