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Silver $58.68 ยท Gold set for weekly gain amid Mideast tensions, Fed rate outlook ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #25 ยท Friday, July 24, 2026
Gold volatility (GVZ)  Cautious ยท 25.1  โ–ฒ from 24.0 yesterday
Gold and silver edge higher on geopolitical tensions and Fed rate expectations, while mining stocks decline amid broader market caution.
 
 

โ—  The Numbers

Gold$4,063.10  +0.41%
+1.26% this week
Silver$58.68  +1.53%
+4.71% this week
Platinum$1,613.20  +0.88%
+0.46% this week
Palladium$1,257.00  +0.14%
+1.05% this week
Copper$6.36  +0.82%
+2.19% this week

โ—  The Movers

Leaders

SI=F Silver+1.53%
PL=F Platinum+0.88%
HG=F Copper+0.82%

Laggards

GDX Gold Miners ETF-2.16%
AEM Agnico Eagle-1.73%
NEM Newmont-1.08%

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 ($4,254.75) and 200-day ($4,478.25) averages โ€” the longer-term trend reads as down. 30-day range $3,985.60โ€“$4,358.90; 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

 Gold set for weekly gain amid Mideast tensions, Fed rate outlook

Gold is tracking toward a weekly advance as Middle East escalation and Federal Reserve interest-rate signals create safe-haven demand and affect precious-metals valuations. (Investing)

 European gas futures hit four-month highs, fourth weekly gain

Natural-gas futures in Europe surged to their highest in four months and are on pace for a fourth consecutive weekly gain, reflecting geopolitical supply concerns. (Investing)

 US says Saudi nuclear deal requires Israel recognition

The US announced that a nuclear agreement with Saudi Arabia will not proceed without official Israeli recognition, adding uncertainty to Middle East political negotiations. (Investing)

 Trump vows to punish Iran and Houthis for Red Sea attacks

Former President Trump pledged retaliation against Iran and Houthi forces for attacks on shipping in the Red Sea, escalating geopolitical risk language. (Investing)

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What is the LBMA?

The London Bullion Market Association โ€” the body behind the world's main physical gold and silver market. Its 'Good Delivery' standard defines what counts as an acceptable professional bar.

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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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