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Silver $64.39 ยท Gold rises on payrolls data and Mideast uncertainty ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #35 ยท Friday, August 7, 2026
Gold volatility (GVZ)  Cautious ยท 24.9  โ–ผ from 25.6 yesterday
Worth noting  Gold crossed above $4,300 since yesterday.
Gold and silver surged on payroll anticipation and Mideast tensions; miners showed modest gains amid cautious volatility.
 
 

โ—  The Numbers

Gold$4,381.30  +3.28%
+8.20% this week
Silver$64.39  +4.81%
+11.81% this week
Platinum$1,773.70  +2.59%
+7.48% this week
Palladium$1,388.00  +1.10%
+8.81% this week
Copper$6.62  -0.96%
+2.91% this week

โ—  The Movers

Leaders

SI=F Silver+4.81%
GC=F Gold+3.28%
PL=F Platinum+2.59%

Laggards

HG=F Copper-0.96%
GDX Gold Miners ETF+0.29%
B Barrick Mining+0.78%

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

Between its 50-day ($4,170.09) and 200-day ($4,478.87) averages โ€” a trend in transition. 30-day range $3,985.60โ€“$4,381.30; currently in the upper third of that range. RSI(14) 73 โ€” traditionally described as overbought.

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 rises on payrolls data and Mideast uncertainty

Gold jumped 3.28% to $4,381 as investors await U.S. jobs numbers and monitor escalating Middle East tensions, traditional safe-haven drivers. (Investing)

 Oil prices drop as Iran-Gulf states Hormuz deal emerges

Crude fell as negotiations between Iran and Gulf states signal potential reopening of the Strait of Hormuz, reducing geopolitical risk premium. (Investing)

 Perpetua discovers gold-tungsten mineralization in Idaho project

High-grade gold and tungsten intercepts found at Gold-Stibnite project's Clark Tunnel Fault Zone suggest resource expansion potential for the junior explorer. (Mining.com)

 Luca identifies resource growth at Campo Morado unmined zone

Standout drill results from Largo Norte zone show 184 metres of 1.18 g/t gold, indicating significant resource expansion opportunity for the company. (Mining.com)

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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 moves gold overnight?

Gold trades nearly around the clock, so it reacts to Asian and European hours, the dollar, bond yields and headlines while the US sleeps. The morning print already reflects all of that.

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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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