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Silver $61.33 Β· China's central bank adds gold for 20th consecutive month ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #12 Β· Tuesday, July 7, 2026
Gold volatility (GVZ)  Cautious Β· 25.3  β–Ό from 26.0 yesterday
Gold holds near $4,151 as rate uncertainty weighs, while central-bank buying and geopolitical tensions sustain underlying safe-haven interest.
 
 

●  The Numbers

Gold$4,151.00  -0.10%
+3.20% this week
Silver$61.33  -0.94%
+5.43% this week
Platinum$1,650.50  +1.15%
+4.83% this week
Palladium$1,279.00  +1.48%
+5.67% this week
Copper$6.23  +0.80%
+2.13% this week

●  The Movers

Leaders

PA=F Palladium+1.48%
NEM Newmont+1.20%
PL=F Platinum+1.15%

Laggards

SI=F Silver-0.94%
B Barrick Mining-0.26%
GC=F Gold-0.10%

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 ($4,407.03) and 200-day ($4,460.95) 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) 37 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

 China's central bank adds gold for 20th consecutive month

China extended its streak of monthly gold purchases, reflecting sustained central-bank demand for the metal as a reserve asset and diversification tool. (Investing)

 China's top ETF is now gold, not stocks

Central banks made their second-largest monthly gold purchase on record, and China's leading ETF shifted focus to gold, signaling institutional appetite for the metal. (Mining.com)

 Tankers hit in Hormuz as millions mourn Iran's Khamenei

Attacks on tankers in the Strait of Hormuz amid Iran's leadership tensions raise geopolitical risk, historically supporting safe-haven demand for precious metals. (Investing)

 Mine operators face worsening wildfire seasons

Western Canadian gold and silver miners confront intensifying drought and wildfire risks, threatening operations and raising cost pressures for major producers. (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 is spot price?

The price for immediate delivery of a metal right now. It's the headline number β€” "gold is $2,400" means the spot price per troy ounce. Coins and bars trade at a premium above spot.

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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