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Silver $66.41 Β· Red Sea attack kills six; US strikes Gulf vessel ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #38 Β· Wednesday, August 12, 2026
Gold volatility (GVZ)  Cautious Β· 26.0  β–Ό from 27.9 yesterday
Worth noting  Gold crossed above $4,400 since yesterday.
Gold and silver gained sharply today as geopolitical tensions in the Middle East and Black Sea intensified amid ongoing uncertainty.
 
 

●  The Numbers

Gold$4,469.90  +1.98%
+5.28% this week
Silver$66.41  +2.53%
+6.94% this week
Platinum$1,791.30  +2.61%
+3.10% this week
Palladium$1,397.50  +2.30%
+2.40% this week
Copper$6.68  +1.03%
-0.34% this week

●  The Movers

Leaders

PL=F Platinum+2.61%
SI=F Silver+2.53%
PA=F Palladium+2.30%

Laggards

B Barrick Mining-1.83%
GDX Gold Miners ETF-0.41%
NEM Newmont-0.04%

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 ($4,162.87) and 200-day ($4,483.46) averages β€” a trend in transition. 30-day range $3,985.60–$4,469.90; currently in the upper third of that range. RSI(14) 83 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

 Red Sea attack kills six; US strikes Gulf vessel

A vessel attack in the Red Sea killed four crew and two rescuers, prompting US military response in the Gulf of Oman. These incidents underscore maritime risks affecting global trade and energy flows. (Investing)

 IEA cuts 2026 oil supply forecast on Middle East risks

The International Energy Agency lowered its 2026 oil supply outlook due to renewed Middle East hostilities. Energy supply disruptions typically benefit safe-haven assets like gold and silver. (Investing)

 Morning Bid: Inflation obscures all

Inflation remains a dominant theme clouding market direction and investment strategy. Persistent price pressures affect central-bank policy, Treasury yields, and precious-metals demand. (Investing)

 Ukraine strikes Russian Black Sea port and naval base

Ukraine attacked Russia's Novorossiysk port and naval facilities, escalating regional military conflict. Geopolitical tension typically strengthens safe-haven demand for precious metals. (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 a troy ounce?

The unit precious metals are priced in. A troy ounce is about 31.1 grams β€” slightly heavier than the everyday (avoirdupois) ounce of ~28.3g. Every gold and silver quote you see is per troy ounce.

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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