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Silver $55.80 Β· Gold slides as Middle East tensions spike oil prices ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #88 Β· Thursday, October 22, 2026
Gold volatility (GVZ)  Cautious Β· 21.4  β–Ό from 21.8 yesterday
Worth noting  Gold crossed below $4,100 since yesterday.
Gold and silver fell as oil prices surged on Middle East tensions, while mining stocks held steady amid geopolitical uncertainty.
 
 

●  The Numbers

Gold$4,085.40  -1.56%
-2.03% this week
Silver$55.80  -2.82%
-1.82% this week
Platinum$1,586.80  -2.38%
-1.48% this week
Palladium$1,052.00  -3.01%
-6.16% this week
Copper$6.41  -2.09%
-1.61% this week

●  The Movers

Leaders

B Barrick Mining+0.82%
GDX Gold Miners ETF+0.72%
AEM Agnico Eagle+0.60%

Laggards

PA=F Palladium-3.01%
SI=F Silver-2.82%
PL=F Platinum-2.38%

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 ($4,350.62) and 200-day ($4,535.30) averages β€” the longer-term trend reads as down. 30-day range $4,085.40–$4,424.90; currently in the lower third of that range. RSI(14) 41 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

 Gold slides as Middle East tensions spike oil prices

Gold dropped 1.56% to $4,085 as rising oil prices from Middle East conflict concerns shifted investor focus to inflation and energy supply risks rather than safe-haven demand. (Investing)

 Houthi strikes trigger US evacuation, gas prices spike

European natural gas reached 2022 peaks after Houthi attacks prompted a US evacuation order, raising concerns about shipping disruptions and energy supply stability in global markets. (Investing)

 Silver breaks below $56.13 support level

Silver fell 2.82% to $55.80, breaking below key support as broader commodity weakness and dollar strength pressured the precious metal despite traditional safe-haven demand. (Investing)

 Fortuna expands Lindero pit after gold discovery

Fortuna Silver plans to deepen its Lindero pit following broad gold intersections, potentially increasing reserve estimates and mine life through revised pit and reserve calculations. (Mining.com)

Partner

How a gold IRA works

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 a futures contract's 'contango'?

When futures for later delivery cost more than the spot price β€” normal for gold, reflecting storage and interest costs. The opposite, 'backwardation', is rarer and can signal tight physical supply.

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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