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Silver $58.21 Β· Gold rebounds from 2-week low ahead of US CPI data ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #17 Β· Tuesday, July 14, 2026
Gold volatility (GVZ)  Cautious Β· 26.9  β–² from 24.0 yesterday
Worth noting  Gold crossed above $4,000 since yesterday.
Gold and silver rose on safe-haven demand as US-Iran tensions escalated; miner stocks fell despite precious-metals strength.
 
 

●  The Numbers

Gold$4,029.70  +0.82%
-2.79% this week
Silver$58.21  +1.00%
-4.47% this week
Platinum$1,608.90  +0.42%
-2.56% this week
Palladium$1,255.00  +0.99%
-1.23% this week
Copper$6.37  +2.26%
+3.28% this week

●  The Movers

Leaders

HG=F Copper+2.26%
SI=F Silver+1.00%
PA=F Palladium+0.99%

Laggards

GDX Gold Miners ETF-2.86%
NEM Newmont-2.30%
AEM Agnico Eagle-2.29%

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 ($4,350.58) and 200-day ($4,469.74) averages β€” the longer-term trend reads as down. 30-day range $3,990.30–$4,489.10; currently in the lower third of that range. RSI(14) 43 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

 Gold rebounds from 2-week low ahead of US CPI data

Gold recovered from recent lows as traders await key inflation data and Federal Reserve official testimony. CPI reports typically influence Fed rate expectations and gold valuations. (Investing)

 Trump announces Iran blockade, 20% Strait of Hormuz toll

The US reinstated an Iran blockade and announced a 20% tariff on cargo transiting the Strait of Hormuz. Geopolitical tension historically supports safe-haven demand for gold and silver. (Investing)

 Mining stocks lag metals as Nvidia stumbles, sector undervalued

Global top 50 miners trade at historically cheap valuations despite their $2.19 trillion combined value. Today's GDX decline reflects broader miner weakness relative to underlying gold and silver prices. (Mining.com)

 North American Critical Manganese Alliance formed by industry partners

Canadian and US partners launched a new alliance to develop domestic manganese production platforms. Supply-chain diversification for critical minerals reflects shifting demand and geopolitical strategy. (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.

Try TradingView β†’

Metals 101

What is palladium?

A rare metal used mostly in gasoline-engine catalytic converters. Its price is driven by car production and tight supply, which has made it one of the most volatile of the precious metals.

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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