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Silver $59.13 Β· Gold logs worst quarter in 13 years ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #9 Β· Wednesday, July 1, 2026
Gold volatility (GVZ)  Cautious Β· 27.2  β–Ό from 27.7 yesterday
Gold edged higher while silver fell and miners slipped; geopolitical tensions and commodity sector shifts shape the session.
 
 

●  The Numbers

Gold$4,036.40  +0.34%
+1.16% this week
Silver$59.13  -0.58%
+1.87% this week
Platinum$1,573.00  +1.47%
-0.48% this week
Palladium$1,199.50  -0.04%
+3.29% this week
Copper$6.16  -0.60%
+3.58% this week

●  The Movers

Leaders

PL=F Platinum+1.47%
AEM Agnico Eagle+0.89%
GC=F Gold+0.34%

Laggards

NEM Newmont-1.17%
HG=F Copper-0.60%
SI=F Silver-0.58%

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 ($4,440.74) and 200-day ($4,453.97) 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) 46 β€” momentum roughly neutral.

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 logs worst quarter in 13 years

Gold prices declined after completing its worst quarter since 2011, reflecting broader pressure on the precious metal amid rising yields and dollar strength. (Investing)

 Iran escalates rhetoric over Middle East tensions

Iran warned of immediate response to threats while discussing US pressure on Israel, raising geopolitical risk that typically supports safe-haven demand for gold and silver. (Investing)

 Oil declines as US-Iran talks proceed

Oil prices fell over 1% as US and Iranian officials engaged in mediated talks, reducing near-term geopolitical premium and affecting broader commodity sentiment. (Investing)

 South32 divests aluminum unit to Alcoa for $5.6B

South32 sold nearly all its aluminum business to focus on higher-margin copper, zinc, silver and lead operations, signaling strategic repositioning in the commodity sector. (Mining.com)

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

What moves gold overnight?

Gold trades nearly around the clock, so it reacts to Asian and European hours, the dollar, bond yields and headlines while the US sleeps. The morning print already reflects all of that.

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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