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Silver $58.13 Β· US-Iran agree to cease Hormuz hostilities; oil steadies ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #7 Β· Monday, June 29, 2026
Gold volatility (GVZ)  Cautious Β· 27.2  β–Ό from 29.6 yesterday
Gold and silver fell today as geopolitical tensions eased between the US and Iran, while miner stocks gained despite broader precious-metals weakness.
 
 

●  The Numbers

Gold$4,048.00  -0.75%
-3.20% this week
Silver$58.13  -1.83%
-11.28% this week
Platinum$1,602.60  -1.74%
-4.05% this week
Palladium$1,217.50  +0.70%
-3.15% this week
Copper$6.19  +0.79%
-2.62% this week

●  The Movers

Leaders

GDX Gold Miners ETF+1.76%
B Barrick Mining+1.47%
NEM Newmont+0.82%

Laggards

SI=F Silver-1.83%
PL=F Platinum-1.74%
GC=F Gold-0.75%

The day's best and worst of the tracked metals and miners Β· day-over-day change.

●  The Read

Gold β€” description, not prediction

Trading below both its 50-day ($4,473.35) and 200-day ($4,450.23) averages β€” the longer-term trend reads as down. 30-day range $3,990.30–$4,560.50; currently in the lower third of that range. RSI(14) 36 β€” momentum weak.

See where every market sits on the daily page β†’

What's pushing gold today: the dollar & Treasury yields  on the Dollar & Yields page β†’

●  The Brief

 US-Iran agree to cease Hormuz hostilities; oil steadies

The United States and Iran reportedly agreed to halt attacks in the region, reducing immediate safe-haven demand pressure on gold and supporting oil prices after weekend escalation fears. (Investing)

 European natural gas rises amid Middle East supply risks

Energy markets remain sensitive to geopolitical disruption; gas prices jumped as investors weigh lingering supply vulnerabilities despite the reported US-Iran de-escalation. (Investing)

 Nigeria identifies world-class critical minerals district, lithium deposit

Nigeria announced a major mineral province in Kaduna state with significant lithium reserves, expanding global critical-metals supply sources outside traditional mining regions. (Mining.com)

 Gold dips as US-Iran strikes ease, rate concerns linger

Gold fell 0.75% today as reduced geopolitical urgency from the US-Iran agreement diminished immediate safe-haven buying, while interest-rate expectations continue to influence longer-term demand. (Investing)

Partner

The charts we read every morning

TradingView is the charting platform a lot of "The Read" leans on β€” live gold, silver and miner charts, screeners and alerts. New to it? This link puts $15 toward a paid plan.

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Metals 101

Why is gold priced the same worldwide?

Because it trades around the clock across London, New York and Asia, arbitrage keeps prices in line everywhere once you adjust for currency. Local coins differ only by premium, tax and shipping.

β€œMetals mirror the dollar and the day's mood β€” a description, not a forecast.”

Gold Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Metals carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured each morning before the US open.

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