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Silver $60.38 Β· Gold climbs ahead of U.S. nonfarm payrolls data ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #10 Β· Thursday, July 2, 2026
Gold volatility (GVZ)  Cautious Β· 27.1  β–Ό from 27.2 yesterday
Gold and silver edged higher while miner stocks fell slightly amid cautious volatility ahead of U.S. jobs data.
 
 

●  The Numbers

Gold$4,077.30  +0.22%
+1.16% this week
Silver$60.38  +0.48%
+3.47% this week
Platinum$1,620.20  +1.97%
+1.16% this week
Palladium$1,245.00  +2.66%
+5.49% this week
Copper$6.14  +0.26%
+1.14% this week

●  The Movers

Leaders

PA=F Palladium+2.66%
PL=F Platinum+1.97%
SI=F Silver+0.48%

Laggards

B Barrick Mining-0.76%
GDX Gold Miners ETF-0.50%
AEM Agnico Eagle-0.18%

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 ($4,428.96) and 200-day ($4,456.10) 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) 49 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 climbs ahead of U.S. nonfarm payrolls data

Gold prices rose as investors awaited Friday's employment report, a key economic indicator that influences Federal Reserve policy and bond yields. (Investing)

 Iran warns U.S., Israel against attacks amid Khamenei funeral

Iran issued warnings ahead of funeral processions, raising geopolitical tensions in the Middle East and boosting demand for safe-haven metals like gold. (Investing)

 Cameco halts Cigar Lake uranium mine over mill disruption

Cameco suspended operations at Cigar Lake after the McClean Lake mill encountered issues, with resumption expected within two weeks, affecting uranium supply. (Mining.com)

 Europe gas rallies on heat wave and geopolitical concerns

European natural gas prices extended gains as extreme heat and Middle East tensions overshadowed supply relief, reflecting broader energy-market uncertainty. (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

Is jewelry demand a big deal for gold?

Yes β€” jewelry, especially in India and China, is one of the largest sources of physical gold demand, and it tends to rise and fall with the seasons, festivals and the gold price itself.

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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