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Silver $58.79 Β· Iran escalates attacks on US bases in Gulf region ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #16 Β· Monday, July 13, 2026
Gold volatility (GVZ)  Cautious Β· 24.0  β–Ό from 25.3 yesterday
Worth noting  Gold crossed below $4,100 since yesterday.
Gold and silver fell today despite safe-haven demand from US-Iran escalation, while oil surged on Strait of Hormuz supply concerns.
 
 

●  The Numbers

Gold$4,068.30  -0.87%
-2.09% this week
Silver$58.79  -1.70%
-5.05% this week
Platinum$1,626.20  +0.50%
-0.34% this week
Palladium$1,261.50  -0.38%
+0.09% this week
Copper$6.27  +0.63%
+1.53% this week

●  The Movers

Leaders

HG=F Copper+0.63%
NEM Newmont+0.51%
PL=F Platinum+0.50%

Laggards

SI=F Silver-1.70%
AEM Agnico Eagle-1.45%
GC=F Gold-0.87%

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 ($4,363.71) and 200-day ($4,468.61) 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) 42 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

 Iran escalates attacks on US bases in Gulf region

Iran launched expanded attacks on US military bases across Gulf states and warned of further incidents in the Strait of Hormuz, heightening geopolitical risk and boosting demand for safe-haven assets like gold. (Investing)

 Gold recovers from session lows on safe-haven demand

Gold rebounded from intraday lows as US-Iran conflict tensions drove investors to seek safety, offsetting earlier selling pressure in the precious metals complex. (Investing)

 European gas prices hit one-month high amid supply fears

European natural gas prices surged to their highest level in over a month as Strait of Hormuz closure concerns threatened global energy supply chains and elevated inflation expectations. (Investing)

 Asian stocks decline as oil prices jump on Gulf tensions

Asian equity markets fell as crude oil rallied sharply on Middle East supply disruption fears, reflecting broader risk-off sentiment despite gold's traditional safe-haven appeal. (Investing)

Partner

The charts we read every morning

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Metals 101

What is platinum used for?

Largely industrial β€” catalytic converters in vehicles, plus jewelry and lab equipment. Because so much demand is industrial, platinum tracks the auto sector and global growth as much as investment mood.

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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