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Silver $59.94 ยท IEA forecasts first post-Covid global oil demand decline ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #15 ยท Friday, July 10, 2026
Gold volatility (GVZ)  Cautious ยท 25.3  โ–ผ from 27.6 yesterday
Gold and silver edged lower today while mining stocks rallied sharply, reflecting shifting sentiment on geopolitical risk and interest-rate expectations.
 
 

โ—  The Numbers

Gold$4,116.40  -0.34%
+0.09% this week
Silver$59.94  -0.72%
-1.15% this week
Platinum$1,629.20  +0.64%
+0.78% this week
Palladium$1,276.50  +2.62%
+1.16% this week
Copper$6.26  +0.70%
+2.36% this week

โ—  The Movers

Leaders

GDX Gold Miners ETF+3.06%
B Barrick Mining+3.05%
AEM Agnico Eagle+2.86%

Laggards

SI=F Silver-0.72%
GC=F Gold-0.34%
PL=F Platinum+0.64%

The day's best and worst of the tracked metals and miners ยท day-over-day change.

โ—  The Read

Gold โ€” description, not prediction

Trading below both its 50-day ($4,373.49) and 200-day ($4,467.24) averages โ€” the longer-term trend reads as down. 30-day range $3,990.30โ€“$4,560.50; currently in the lower third of that range. RSI(14) 42 โ€” momentum weak.

See where every market sits on the daily page โ†’

What's pushing gold today: the dollar & Treasury yields  on the Dollar & Yields page โ†’

โ—  The Brief

 IEA forecasts first post-Covid global oil demand decline

The International Energy Agency projects oil demand will fall for the first time since the pandemic, signaling potential cooling in energy inflation and economic growth expectations. (Investing)

 Copper stockpiles surge despite price rally near $14,000

Copper prices approach $14,000 per ton while global inventories hit unprecedented levels and continue building, raising questions about the sustainability of the recent price rally. (Mining.com)

 Gold prices muted; week shows losses amid Iran tensions, rate uncertainty

Gold remains range-bound this week as investors weigh geopolitical risks from Iran tensions against uncertainty over US interest-rate direction. (Investing)

 Canada, Saudi Arabia announce $1 billion in mining, energy deals

Ottawa and Riyadh signed over C$1 billion in agreements as Canada seeks to diversify its trade relationships and strengthen mining sector partnerships. (Mining.com)

Partner

The charts we read every morning

TradingView is the charting platform a lot of "The Read" leans on โ€” live gold, silver and miner charts, screeners and alerts. New to it? This link puts $15 toward a paid plan.

Try TradingView โ†’

Metals 101

What does 'karat' mean?

A measure of gold purity out of 24. 24-karat is pure gold; 18-karat is 18 parts gold to 6 parts other metals (75% pure). Bullion is typically 24k; jewelry is often 14kโ€“18k for durability.

Hit reply: What's one market term we should explain in a future Metals 101?
A human reads every answer.

Gold Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Metals carry risk โ€” 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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