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Silver $60.62 ยท Gold rises as dollar eases; Fed rate path watched ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #79 ยท Friday, October 9, 2026
Gold volatility (GVZ)  Cautious ยท 22.7  โ–ผ from 23.4 yesterday
Worth noting  Gold crossed above $4,200 since yesterday.
Gold and silver rose on dollar weakness and geopolitical tensions, while investors assess the Federal Reserve's interest-rate path ahead.
 
 

โ—  The Numbers

Gold$4,207.50  +1.21%
+1.09% this week
Silver$60.62  +2.63%
+1.07% this week
Platinum$1,694.60  +4.24%
+0.68% this week
Palladium$1,160.00  +4.05%
-0.09% this week
Copper$6.69  +2.65%
+3.08% this week

โ—  The Movers

Leaders

PL=F Platinum+4.24%
PA=F Palladium+4.05%
HG=F Copper+2.65%

Laggards

GC=F Gold+1.21%
GDX Gold Miners ETF+1.47%
NEM Newmont+1.77%

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 below both its 50-day ($4,376.80) and 200-day ($4,547.97) averages โ€” the longer-term trend reads as down. 30-day range $4,140.70โ€“$4,539.90; currently in the lower third of that range. RSI(14) 32 โ€” momentum weak.

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 rises as dollar eases; Fed rate path watched

Gold climbed as the US dollar weakened and oil prices fell, with traders monitoring upcoming Federal Reserve signals on interest rates and inflation trajectory. (Investing)

 Houthi strikes on Riyadh airport escalate Middle East tensions

Houthi attacks killed three Saudis at Riyadh airport, raising geopolitical risk and safe-haven demand for gold amid broader Middle East instability. (Investing)

 Oil dips after Trump rules out Iran attack before midterms

Oil prices fell after Trump signaled no imminent Iran military action, easing supply-shock fears and reducing immediate geopolitical risk premium. (Investing)

 Magna restarts Levack mine in Ontario, building multi-mine producer

Magna Gold is restarting the Levack mine to operate alongside McCreedy West, expanding its Ontario footprint and production capacity in established mining infrastructure. (Mining.com)

Partner

The charts we read every morning

TradingView is the charting platform a lot of "The Read" leans on โ€” live gold, silver and miner charts, screeners and alerts. New to it? This link puts $15 toward a paid plan.

Try TradingView โ†’

Metals 101

What is the GDX?

An ETF holding a basket of gold-mining companies. It moves with gold but with extra leverage โ€” miners' profits swing more than the metal, so the GDX often amplifies gold's ups and downs.

Hit reply: Which section do you read first โ€” the Numbers, the Movers, or the Brief?
A human reads every answer.

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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