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Silver $59.69 Β· Gold hits two-week high as Mideast conflict escalates ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #23 Β· Wednesday, July 22, 2026
Gold volatility (GVZ)  Cautious Β· 23.9  β–Ό from 25.4 yesterday
Worth noting  Gold crossed above $4,100 since yesterday.
Gold and silver rose over 1% amid Middle East tensions and safe-haven demand, while mining stocks surged nearly 5%.
 
 

●  The Numbers

Gold$4,126.30  +1.36%
+2.04% this week
Silver$59.69  +1.46%
+4.53% this week
Platinum$1,661.40  +2.17%
+1.83% this week
Palladium$1,313.00  +2.62%
+2.32% this week
Copper$6.52  +0.10%
+3.56% this week

●  The Movers

Leaders

GDX Gold Miners ETF+4.88%
B Barrick Mining+4.24%
AEM Agnico Eagle+3.87%

Laggards

HG=F Copper+0.10%
GC=F Gold+1.36%
SI=F Silver+1.46%

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 ($4,280.07) and 200-day ($4,476.75) averages β€” the longer-term trend reads as down. 30-day range $3,985.60–$4,358.90; currently in the middle third of that range. RSI(14) 54 β€” momentum roughly neutral.

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 hits two-week high as Mideast conflict escalates

Gold rallied to its highest level in two weeks as geopolitical tensions in the Middle East drive investors toward safe-haven assets like precious metals. (Investing)

 Oil climbs 4% amid threats to key transit routes

Crude oil surged over 4% to six-week highs as Middle East conflict risks shipping through the Strait of Hormuz, a critical global energy chokepoint. (Investing)

 Silver surges to $59.54, tests supply resistance

Silver rose sharply today but encountered supply-side resistance near current levels, suggesting potential headwinds for further immediate gains. (Investing)

 Hormuz vessel crossings decline amid security concerns

Shipping traffic through the Strait of Hormuz has fallen further as security risks persist, potentially affecting global oil and commodity supply chains. (Investing)

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A plain, factual guide to holding physical gold in a retirement account: the eligible metals, rollovers and transfers, custodians, storage, and fees.

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Metals 101

What is the London fix?

A benchmark gold and silver price set twice daily in London (the LBMA auction). Huge volumes of physical metal settle against it, so it's the reference price the global bullion trade uses.

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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