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Silver $55.58 ยท Goldman: Central bank demand provides floor for gold ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #20 ยท Friday, July 17, 2026
Gold volatility (GVZ)  Cautious ยท 26.6  โ–ฒ from 24.9 yesterday
Worth noting  Newmont (NEM) moved -4.60% on the day.
Gold holds near $4,000 as geopolitical tensions support safe-haven demand, while silver and miners decline amid inflation concerns from regional strikes.
 
 

โ—  The Numbers

Gold$3,997.00  +0.29%
-2.61% this week
Silver$55.58  -0.57%
-7.07% this week
Platinum$1,583.50  -3.19%
-2.14% this week
Palladium$1,246.50  -1.35%
-1.56% this week
Copper$6.21  -1.37%
-0.39% this week

โ—  The Movers

Leaders

GC=F Gold+0.29%
SI=F Silver-0.57%
PA=F Palladium-1.35%

Laggards

NEM Newmont-4.60%
GDX Gold Miners ETF-3.51%
AEM Agnico Eagle-3.47%

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 ($4,317.64) and 200-day ($4,473.37) averages โ€” the longer-term trend reads as down. 30-day range $3,985.60โ€“$4,475.80; currently in the lower third of that range. RSI(14) 43 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

 Goldman: Central bank demand provides floor for gold

Goldman Sachs identifies ongoing central-bank purchasing as a structural support level for gold prices, relevant context as geopolitical uncertainty persists. (Investing)

 Gold tracking weekly decline as Mideast strikes stoke inflation fears

Middle East strikes raise inflation concerns that could influence Federal Reserve policy; gold faces weekly headwinds despite safe-haven backdrop. (Investing)

 Oil rises on US-Iran hostilities, Red Sea closure threats

Renewed US-Iran strikes and Red Sea shipping risks push oil higher, creating inflationary pressure that affects precious-metals sentiment and economic outlook. (Investing)

 Russia, Ukraine strike Black Sea vessels; wheat prices spike

Naval conflict in Black Sea drives grain prices sharply higher, adding to global inflation concerns and geopolitical risk that typically support gold demand. (Investing)

Partner

The charts we read every morning

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Metals 101

What is a 'safe-haven' asset?

Something investors move into when they're nervous โ€” gold is the classic example. The label describes a tendency, not a guarantee; gold can and does fall too.

Hit reply: Which section do you read first โ€” the Numbers, the Movers, or the Brief?
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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