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Silver $69.93 ยท Gold rallies above $4,500 on softer dollar, Treasury shifts ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #45 ยท Friday, August 21, 2026
Gold volatility (GVZ)  Cautious ยท 27.3  โ–ฒ from 26.7 yesterday
Worth noting  Gold crossed above $4,600 since yesterday.
Gold and silver rally on dollar weakness and Treasury moves, while mining stocks track higher gains.
 
 

โ—  The Numbers

Gold$4,654.30  +3.06%
+6.25% this week
Silver$69.93  +2.80%
+7.60% this week
Platinum$1,894.50  +3.47%
+8.26% this week
Palladium$1,359.50  +1.74%
+2.80% this week
Copper$6.60  +2.24%
+0.08% this week

โ—  The Movers

Leaders

PL=F Platinum+3.47%
GC=F Gold+3.06%
SI=F Silver+2.80%

Laggards

PA=F Palladium+1.74%
NEM Newmont+2.05%
AEM Agnico Eagle+2.08%

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 above both its 50-day ($4,176.55) and 200-day ($4,498.82) averages โ€” the longer-term trend reads as up. 30-day range $3,985.60โ€“$4,654.30; currently in the upper third of that range. RSI(14) 88 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 rallies above $4,500 on softer dollar, Treasury shifts

Gold climbed past $4,500 as a weaker U.S. dollar and changing Treasury yields reduced the opportunity cost of holding non-yielding bullion. Dollar strength typically pressures gold prices for foreign buyers. (Investing)

 Bond market volatility weighs on broader risk sentiment today

U.S. Treasury market moves are influencing asset prices and safe-haven demand. Bond volatility affects interest-rate expectations, which shape gold and precious metals valuations. (Investing)

 U.S. escalates economic sanctions pressure on Iran

Rising U.S. sanctions on Iran add to geopolitical tension and safe-haven demand for gold. Economic pressure and regional instability historically support precious-metals buying. (Investing)

 Cadillac drilling suggests larger Ontario gold resource potential

New drilling at Cadillac's past-producing Kerr-Addison property in Ontario may unlock a bigger gold resource. Exploration success at major properties supports confidence in North American gold supply. (Mining.com)

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Metals 101

Why is copper called 'Dr. Copper'?

Copper is in everything from wiring to construction, so its price tends to rise and fall with global industrial activity. Traders joke it has a PhD in economics because it reads the business cycle.

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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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