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Silver $64.04 Β· Gold holds near 7-week high amid Iran uncertainty, Fed outlook ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #36 Β· Monday, August 10, 2026
Gold volatility (GVZ)  Cautious Β· 25.6  β–² from 24.9 yesterday
Worth noting  Newmont (NEM) moved +7.16% on the day.
Gold and silver both rose 1.12% today while gold miners surged 7.11%, as geopolitical uncertainty and Fed policy shifts keep safe-haven demand steady.
 
 

●  The Numbers

Gold$4,389.10  +1.12%
+8.81% this week
Silver$64.04  +1.12%
+11.05% this week
Platinum$1,747.90  -0.13%
+8.03% this week
Palladium$1,361.50  -0.92%
+8.84% this week
Copper$6.63  +0.83%
+1.70% this week

●  The Movers

Leaders

NEM Newmont+7.16%
GDX Gold Miners ETF+7.11%
AEM Agnico Eagle+6.49%

Laggards

PA=F Palladium-0.92%
PL=F Platinum-0.13%
HG=F Copper+0.83%

The day's best and worst of the tracked metals and miners Β· day-over-day change.

●  The Read

Gold β€” description, not prediction

Between its 50-day ($4,167.07) and 200-day ($4,480.18) averages β€” a trend in transition. 30-day range $3,985.60–$4,389.10; currently in the upper third of that range. RSI(14) 72 β€” traditionally described as overbought.

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 holds near 7-week high amid Iran uncertainty, Fed outlook

Gold prices remained supported near seven-week highs as traders assess Iranian tensions and upcoming Federal Reserve policy decisions, both traditional drivers of precious-metal demand. (Investing)

 Fed's Cook grilled again on rate path and inflation outlook

Federal Reserve official Cook faced fresh questioning on interest rates and inflation, signaling market focus on central-bank moves that directly influence gold and mining-stock valuations. (Investing)

 European gas rebounds as Hormuz uncertainty keeps supply risks elevated

Energy markets remain volatile due to geopolitical concerns in the Strait of Hormuz, a pattern that historically drives investors toward safe-haven assets like gold and precious metals. (Investing)

 Ukraine attacks Russian city; geopolitical tensions persist

Ongoing military conflict in Eastern Europe continues to create supply-chain and geopolitical risks that support safe-haven demand for gold and precious metals among global investors. (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

Are metals markets ever closed?

Futures trade almost around the clock on weekdays with a short daily break, and they pause for major US holidays. We skip those mornings β€” there's no fresh settlement to report.

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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