AGE Daily Gold Update

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

2/19/2025: Gold eases after Fed minutes

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold eased 0.4% to close under $2,920 after slightly hawkish minutes from the last Fed meeting lifted the dollar, pressuring alternative stores of value. Bullion rose to a new all-time high above $2,941 earlier in the session before slipping back on profit-taking. Silver fell 1% to finish at $32.99 an ounce.

Fed members registered concern that tariffs and other new White House policies could be inflationary and slow progress toward reaching their 2% target. The aggressive alteration of regulatory, immigration, fiscal, and trade policies may have unanticipated consequences for the economy, according to the Fed minutes, making further rate cuts less likely for now.

The dollar rose 0.1% against major rivals as traders shifted away from risk-related currencies toward safe-haven ones like the buck and yen. S rising dollar weighs on gold by making it pricier overseas.

Platinum slid 0.8% while palladium was little changed.

At the New York spot close: gold lost $12.20 to $2,919,49; silver shed 32 cents to $32.99; platinum dropped $7.60 to $973.50; and palladium added a dime, to $987.30 an ounce.