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Silver $57.88 Β· Gold rises ahead of Fed decision as dollar softens ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #28 Β· Wednesday, July 29, 2026
Gold volatility (GVZ)  Cautious Β· 24.1  β–Ό from 25.1 yesterday
Gold and silver both gained over one percent as the dollar weakened ahead of Federal Reserve decisions, while geopolitical tensions in the Middle East supported safe-haven demand.
 
 

●  The Numbers

Gold$4,091.50  +1.37%
-1.34% this week
Silver$57.88  +1.03%
-3.56% this week
Platinum$1,599.30  -0.80%
-2.67% this week
Palladium$1,255.50  -0.87%
-3.64% this week
Copper$6.32  -0.05%
-2.05% this week

●  The Movers

Leaders

GC=F Gold+1.37%
SI=F Silver+1.03%
AEM Agnico Eagle+1.00%

Laggards

PA=F Palladium-0.87%
PL=F Platinum-0.80%
HG=F Copper-0.05%

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 ($4,220.25) and 200-day ($4,479.45) averages β€” the longer-term trend reads as down. 30-day range $3,985.60–$4,358.90; currently in the lower third of that range. RSI(14) 47 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 rises ahead of Fed decision as dollar softens

Gold moved higher as a weaker US dollar and anticipation of Federal Reserve policy announcements offset inflation concerns, a key driver of precious-metals demand. (Investing)

 US-Iran tensions escalate after Iraq strikes, missile attack

Escalating geopolitical conflict in the Middle East boosted crude oil and supported safe-haven demand for precious metals as investors assessed regional supply and security risks. (Investing)

 US profit growth accelerates, supporting equity and risk sentiment

Stronger corporate earnings growth signals economic resilience, which can influence Federal Reserve policy decisions and investor appetite for alternative assets like gold. (Investing)

 China engages with Houthis on Red Sea shipping access

Diplomatic efforts to stabilize Middle East shipping lanes reflect ongoing regional tensions that support demand for safe-haven assets during periods of supply-chain uncertainty. (Investing)

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.

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Metals 101

What is AISC?

All-In Sustaining Cost β€” roughly what it costs a miner to produce an ounce of gold, including running and maintaining the mine. Compare it to the gold price and you get a rough read on a miner's margins.

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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