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Silver $59.42 Β· Gold heading for largest quarterly drop since 2013 ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #8 Β· Tuesday, June 30, 2026
Gold volatility (GVZ)  Cautious Β· 27.7  β–² from 27.2 yesterday
Gold and silver rose today, but gold faces its worst quarter since 2013 as higher Treasury yields and rate-hike concerns weigh on safe-haven demand.
 
 

●  The Numbers

Gold$4,044.80  +0.56%
-2.06% this week
Silver$59.42  +2.13%
-4.20% this week
Platinum$1,602.90  +1.80%
-3.49% this week
Palladium$1,247.00  +3.02%
+1.32% this week
Copper$6.25  +2.48%
+1.75% this week

●  The Movers

Leaders

PA=F Palladium+3.02%
HG=F Copper+2.48%
SI=F Silver+2.13%

Laggards

AEM Agnico Eagle-2.21%
GDX Gold Miners ETF-1.71%
NEM Newmont-1.69%

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 ($4,456.58) and 200-day ($4,452.14) 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) 39 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

 Gold heading for largest quarterly drop since 2013

Gold is on track for its worst quarter in over a decade as expectations for sustained higher interest rates reduce the appeal of non-yielding assets to investors. (Investing)

 OCBC cuts 2026 gold and silver price forecasts

A major bank lowered its year-end 2026 precious metals forecasts, citing higher real yields and a stronger US dollar outlook as headwinds for bullion demand. (Investing)

 Rosh Pinah commissions new SAG mill, expansion nears completion

A major zinc and lead mine has activated its final processing component as its multi-year expansion project moves toward completion, boosting production capacity. (Mining.com)

 Oil set for steepest quarterly loss since 2020

Crude oil is heading for its worst quarter in four years as U.S.-Iran diplomatic talks ease Middle East supply concerns and reduce safe-haven commodity 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.

Try TradingView β†’

Metals 101

What's the 'premium' on a coin or bar?

The amount you pay above the metal's spot value to cover minting, distribution and dealer margin. Small coins carry higher premiums per ounce than large bars.

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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