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Silver $67.40 ยท Gold holds near $4,500 awaiting U.S. jobs data ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #55 ยท Friday, September 4, 2026
Gold volatility (GVZ)  Cautious ยท 27.2  โ–ฒ from 26.1 yesterday
Worth noting  Gold crossed above $4,500 since yesterday.
Gold and silver rose modestly while gold miners surged nearly 4%, as traders positioned ahead of U.S. jobs data expected to influence Federal Reserve decisions.
 
 

โ—  The Numbers

Gold$4,513.90  +0.49%
+0.80% this week
Silver$67.40  +0.64%
+0.60% this week
Platinum$1,813.80  -0.80%
-1.83% this week
Palladium$1,422.00  -0.27%
-0.46% this week
Copper$6.66  +1.19%
+1.42% this week

โ—  The Movers

Leaders

AEM Agnico Eagle+5.32%
NEM Newmont+4.21%
GDX Gold Miners ETF+3.95%

Laggards

PL=F Platinum-0.80%
PA=F Palladium-0.27%
GC=F Gold+0.49%

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 ($4,240.67) and 200-day ($4,520.88) averages โ€” a trend in transition. 30-day range $4,033.70โ€“$4,640.80; currently in the upper third of that range. RSI(14) 56 โ€” momentum firm.

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 holds near $4,500 awaiting U.S. jobs data

Gold remained stable around $4,500 as investors waited for employment figures to signal the Federal Reserve's next interest-rate move, a key driver of precious-metals demand. (Investing)

 Bonds face reality check on economic data

Bond markets are reassessing expectations amid incoming economic data, which affects Treasury yields and the opportunity cost of holding non-yielding gold. (Investing)

 Oil rallies on U.S.-Iran tensions, diesel surges

Escalating U.S.-Iran conflict drove oil prices higher and diesel to record levels, typically increasing production costs for gold and copper mining operations. (Investing)

 European gas locks in fourth weekly gain

European natural gas continued climbing after reaching war-era peaks, signaling elevated energy costs that may pressure mining and refining margins in the region. (Investing)

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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 is AISC?

All-In Sustaining Cost โ€” roughly what it costs a miner to produce an ounce of gold, including running and maintaining the mine. Compare it to the gold price and you get a rough read on a miner's margins.

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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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