| | Gold Mornings | Your weekday morning read on gold, metals and miners.
Issue #13 · Wednesday, July 8, 2026 | | Gold volatility (GVZ) Cautious · 27.6 ▲ from 26.2 yesterday | | Worth noting Gold crossed below $4,100 since yesterday. | | Gold and silver fell sharply today as oil prices spiked on Iran tensions, offsetting safe-haven demand amid geopolitical risk. |
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● The Numbers | Gold | $4,085.10 -1.45%
+1.55% this week | | Silver | $58.73 -3.61%
-1.26% this week | | Platinum | $1,594.90 -3.41%
+2.88% this week | | Palladium | $1,224.50 -3.63%
+2.04% this week | | Copper | $6.12 -0.82%
-1.15% this week |
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● The Movers Leaders | HG=F Copper | -0.82% | | GC=F Gold | -1.45% | | NEM Newmont | -1.96% |
| Laggards | PA=F Palladium | -3.63% | | AEM Agnico Eagle | -3.62% | | SI=F Silver | -3.61% |
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The day's best and worst of the tracked metals and miners · day-over-day change. |
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● The Read Gold — description, not prediction Trading below both its 50-day ($4,394.18) and 200-day ($4,463.13) averages — 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) 33 — momentum weak. See where every market sits on the daily page → What's pushing gold today: the dollar & Treasury yields on the Dollar & Yields page → |
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● The Brief | | US launches fresh strikes on Iran amid escalating tensions The US military conducted new strikes against Iran after Trump declared a prior accord over. This geopolitical escalation typically boosts safe-haven demand for gold, though today's market showed competing pressures from oil-driven inflation concerns. (Investing) |
| | Oil surges as Iran conflict escalates, Hormuz closure threatened Crude oil prices jumped on US-Iran military escalation and Iranian threats to close the Strait of Hormuz, a critical global shipping chokepoint. Higher energy costs can increase inflation expectations, which pressured precious metals today despite traditional safe-haven buying. (Investing) |
| | Diesel futures post four-year highs on Russia export ban Russia's ban on diesel exports drove US diesel futures to their largest single-day gain in four years. Energy supply disruptions worldwide add to inflation concerns, a factor weighing on gold and mining stocks this session. (Investing) |
| | NGEx reports strong copper-gold drill results in Argentina NGEx Minerals announced high-grade copper-gold-silver assays at its Lunahuasi project in Argentina, extending mineralized zones at Jupiter and Saturn prospects. Exploration success can support long-term miner investment thesis amid near-term market weakness. (Mining.com) |
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Partner The charts we read every morning TradingView is the charting platform a lot of "The Read" leans on — live gold, silver and miner charts, screeners and alerts. New to it? This link puts $15 toward a paid plan. Try TradingView → |
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Metals 101 Spot vs. futures — what's the difference? Spot is the price for metal today; a futures contract locks in a price for delivery on a set future date. Our gold and silver numbers come from the most-active futures, which track spot closely. |
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“Metals mirror the dollar and the day's mood — 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 — 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. Forwarded this email? Get your own free → New to gold? Why invest in gold → Part of the Mornings family from SolutionC LLC · Stock Mornings · Coin Mornings goldmornings.com |