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Silver $58.17 ยท Gold on track for first monthly gain in five months ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #30 ยท Friday, July 31, 2026
Gold volatility (GVZ)  Cautious ยท 24.5  โ–ผ from 24.6 yesterday
Worth noting  Newmont (NEM) moved +4.84% on the day.
Gold edges higher while silver retreats; gold miners rally strongly as volatility remains elevated amid geopolitical tensions.
 
 

โ—  The Numbers

Gold$4,113.70  +0.33%
+1.13% this week
Silver$58.17  -1.09%
-0.82% this week
Platinum$1,642.00  -0.60%
+3.05% this week
Palladium$1,291.00  -0.86%
+3.55% this week
Copper$6.49  +0.65%
+2.63% this week

โ—  The Movers

Leaders

NEM Newmont+4.84%
AEM Agnico Eagle+4.38%
GDX Gold Miners ETF+4.36%

Laggards

SI=F Silver-1.09%
PA=F Palladium-0.86%
PL=F Platinum-0.60%

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 ($4,202.21) and 200-day ($4,479.82) averages โ€” the longer-term trend reads as down. 30-day range $3,985.60โ€“$4,224.10; currently in the middle third of that range. RSI(14) 61 โ€” momentum firm.

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 on track for first monthly gain in five months

Gold prices are consolidating near $4,114 and positioned for their first monthly gain since September, reflecting safe-haven demand despite near-term choppiness in the precious metals complex. (Investing)

 Middle East conflict drives European gas to monthly gain

Ongoing geopolitical tensions in the Middle East, including shipping risks near the Suez Canal, are supporting energy and safe-haven asset prices as investors reassess risk exposure. (Investing)

 Drone strike at Egypt port near Suez Canal escalates shipping risks

A new drone strike at an Egyptian port near the Suez Canal raises concerns about maritime safety and global trade disruption, reinforcing demand for defensive assets like gold. (Investing)

 Silver retreats to $58 amid broader market consolidation

Silver has declined 1.09% to $58.17, underperforming gold as investors rotate into equities and gold mining stocks, which rose 4.36% today despite broader precious-metals weakness. (Investing)

Partner

The charts we read every morning

TradingView is the charting platform a lot of "The Read" leans on โ€” 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 a royalty or streaming company?

A firm that funds miners up front in exchange for a cut of future production or revenue. It gets metal exposure without operating mines โ€” a different risk profile from a traditional miner.

Hit reply: What's the one question about investing you've never gotten a straight answer to?
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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