AGE Daily Gold Update

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

3/21/2025: Gold posts third weekly rise

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold fell 0.7% to hold above $3,018 as upticks in Treasury yields and the dollar prompted traders to take profits from yesterday's rally to a new all-time high of $3,040. Bullion still rose 1.1% for the week, notching its third straight weekly win. Silver dropped 2.4% to $32.99, posting a weekly loss of 1.1%.

President Trump hinted today that he would be flexible about his aggressive reciprocal tariffs on all trading partners, scheduled to begin early next month. Wall Street cheered the news, with all three major indexes shifting from losses to small gains.

Benchmark 10-year Treasury yields rose slightly on the shift toward risk appetite, pressuring gold by increasing the opportunity cost for holding it instead of bonds for safety.

Tracking with yields, the dollar added 0.3% against major rivals. A stronger dollar weighs on gold and other commodities by making them more expensive on other currencies.

Gold has now risen 16% and set 16 new records so far this year, driven by uncertainty over President Trump's disruptive trade and domestic policies.

Platinum fell 0.5% today and 1.3% this week. Palladium rose 2.2% but still incurred a weekly loss of 0.7%.

At the New York spot close: gold lost $21.80 to $3,018.20; silver slid 80 cents to $32.99; platinum shed 5.20 to $980.20; and palladium picked up $21.05 to $960.05 an ounce.