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Silver $65.63 Β· US, Iran hold first shuttle talks in months ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #67 Β· Wednesday, September 23, 2026
Gold volatility (GVZ)  Cautious Β· 23.4  β–² from 23.3 yesterday
Gold and silver fell modestly as geopolitical risk eased; Iran-US talks and oil weakness reduced safe-haven demand.
 
 

●  The Numbers

Gold$4,347.90  -0.65%
-0.90% this week
Silver$65.63  -0.47%
+2.08% this week
Platinum$1,788.30  -1.88%
+0.29% this week
Palladium$1,284.00  -0.69%
-1.24% this week
Copper$6.82  +0.87%
+6.01% this week

●  The Movers

Leaders

HG=F Copper+0.87%
NEM Newmont-0.29%
SI=F Silver-0.47%

Laggards

PL=F Platinum-1.88%
B Barrick Mining-1.48%
GDX Gold Miners ETF-1.10%

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 ($4,343.63) and 200-day ($4,555.41) averages β€” a trend in transition. 30-day range $4,332.80–$4,697.80; currently in the lower third of that range. RSI(14) 44 β€” momentum weak.

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

 US, Iran hold first shuttle talks in months

The United States and Iran resumed diplomatic discussions after a hiatus, reducing immediate geopolitical tension and potentially lowering safe-haven demand for precious metals. (Investing)

 Oil hovers below $100 as Trump signals Iran progress

Crude oil declined as signals of progress in Iran negotiations eased supply concerns; lower energy prices can reduce inflationary pressure and affect gold's appeal. (Investing)

 Nth Cycle signs $1 billion offtake deal with Glencore

Nth Cycle secured a ten-year battery materials refining agreement with Glencore for its South Carolina facility, signaling industrial demand for refined metals and mining partnerships. (Mining.com)

 Natural Gas snaps back from 9 percent surge

Natural gas reversed a sharp rally, reflecting shifting energy market dynamics that can influence broader commodity sentiment and inflation expectations. (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.

Try TradingView β†’

Metals 101

What is the gold/silver ratio?

How many ounces of silver it takes to buy one ounce of gold. Watched as a rough gauge of which metal looks expensive relative to the other β€” a context number, not a signal about what comes next.

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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