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Silver $61.07 Β· Gold edges lower as yields stay elevated, inflation data softens ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #73 Β· Thursday, October 1, 2026
Gold volatility (GVZ)  Cautious Β· 23.7  β–Ό from 24.4 yesterday
Gold holds steady while silver outperforms; Treasury yields and softer inflation weigh on broader precious-metals demand.
 
 

●  The Numbers

Gold$4,197.40  +0.26%
-2.34% this week
Silver$61.07  +1.62%
-3.76% this week
Platinum$1,725.40  +1.36%
-1.35% this week
Palladium$1,189.50  -0.99%
-6.35% this week
Copper$6.56  -0.04%
-2.41% this week

●  The Movers

Leaders

SI=F Silver+1.62%
PL=F Platinum+1.36%
GC=F Gold+0.26%

Laggards

NEM Newmont-1.49%
GDX Gold Miners ETF-1.43%
B Barrick Mining-1.38%

The day's best and worst of the tracked metals and miners Β· day-over-day change.

●  The Read

Gold β€” description, not prediction

Trading below both its 50-day ($4,363.93) and 200-day ($4,554.21) averages β€” the longer-term trend reads as down. 30-day range $4,168.40–$4,697.80; currently in the lower third of that range. RSI(14) 29 β€” traditionally described as oversold.

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

 Gold edges lower as yields stay elevated, inflation data softens

Gold prices declined slightly amid falling inflation readings, but higher Treasury yields continue to compete with non-yielding bullion for investor capital. (Investing)

 BofA raises long-term copper forecast to $12,000 per ton

Bank of America increased its copper outlook, signaling confidence in industrial-metals demand and broader economic expectations that ripple across mining equities. (Investing)

 US DOE funds 17 mining technology projects for commercial deployment

The Department of Energy allocated $29.5 million to accelerate next-generation mining and extraction technologies toward field testing and commercial scaling. (Mining.com)

 Trump announces $200B South Korean investment; Seoul cautious on Alaska pipeline

South Korea committed to a major US investment package, though negotiations over infrastructure projects like the Alaska pipeline remain uncertain, affecting regional supply chains. (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

Why do interest rates move gold?

Gold pays no interest, so when safe bonds offer high yields, holding gold has a bigger opportunity cost and it can struggle. When real yields fall, gold often shines. Rate expectations ripple straight through.

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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