| | Gold Mornings | Your weekday morning read on gold, metals and miners. Issue #44 Β· Thursday, August 20, 2026 | | Gold volatility (GVZ) Cautious Β· 26.7 β² from 24.0 yesterday | | Worth noting Gold crossed above $4,500 since yesterday. | | Gold and silver rose sharply today as Treasury moves fueled safe-haven demand, while gold miners surged nearly 10 percent amid cautious volatility. |
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β The Numbers | Gold | $4,539.20 +1.11% +4.02% this week | | Silver | $66.72 +1.50% +2.85% this week | | Platinum | $1,822.20 +1.09% +5.62% this week | | Palladium | $1,334.00 +0.16% +0.86% this week | | Copper | $6.42 -1.03% -2.61% this week |
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β The Movers Leaders | AEM Agnico Eagle | +11.12% | | GDX Gold Miners ETF | +9.42% | | NEM Newmont | +7.85% |
| Laggards | HG=F Copper | -1.03% | | PA=F Palladium | +0.16% | | PL=F Platinum | +1.09% |
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The day's best and worst of the tracked metals and miners Β· day-over-day change. |
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β The Read Gold β description, not prediction Trading above both its 50-day ($4,166.08) and 200-day ($4,495.67) averages β the longer-term trend reads as up. 30-day range $3,985.60β$4,539.20; currently in the upper third of that range. RSI(14) 84 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 |
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β The Brief | | Gold rallies to 2-month high on Treasury buyback demand Gold climbed past $4,539 as US Treasury buybacks supported prices, though some pullback occurred after the initial surge. Treasury moves often signal shifting monetary or market conditions that matter to precious-metals investors. (Investing) |
| | Omai gold project valued at $4 billion in Guyana Omai positioned its undeveloped Guyana gold project among South America's largest and most valuable, signaling major capital deployment in a high-growth mining region. Large-scale project announcements typically influence sentiment toward gold-mining equities. (Mining.com) |
| | Oil hits 3-week high amid Middle East supply concerns Crude rose to its highest level in three weeks as geopolitical tensions in the Strait of Hormuz pressured energy supplies. Safe-haven rallies in oil and gold often move together during risk-off periods. (Investing) |
| | Morgan Stanley updates gold price outlook for 2027 Morgan Stanley released a forward-looking gold forecast for 2027, offering institutional perspective on longer-term precious-metals trends. Major bank outlooks help frame the macro backdrop for gold investors. (Investing) |
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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. Try TradingView β |
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Metals 101 What is palladium? A rare metal used mostly in gasoline-engine catalytic converters. Its price is driven by car production and tight supply, which has made it one of the most volatile of the precious metals. |
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βMetals mirror the dollar and the day's mood β a description, not a forecast.β |
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