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Silver $54.08 ยท Oil touches $114 amid Mideast supply concerns ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #89 ยท Friday, October 23, 2026
Gold volatility (GVZ)  Cautious ยท 24.1  โ–ฒ from 21.4 yesterday
Worth noting  Agnico Eagle (AEM) moved -5.98% on the day.
Gold and silver fell today as oil surged on Middle East concerns, raising inflation and rate-hike expectations that typically pressure precious metals.
 
 

โ—  The Numbers

Gold$4,042.40  -0.44%
-3.32% this week
Silver$54.08  -1.24%
-5.11% this week
Platinum$1,568.40  +0.06%
-3.38% this week
Palladium$1,050.00  -0.15%
-5.69% this week
Copper$6.47  +1.77%
-0.86% this week

โ—  The Movers

Leaders

HG=F Copper+1.77%
PL=F Platinum+0.06%
PA=F Palladium-0.15%

Laggards

AEM Agnico Eagle-5.98%
GDX Gold Miners ETF-5.80%
B Barrick Mining-5.18%

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 ($4,342.56) and 200-day ($4,533.07) averages โ€” the longer-term trend reads as down. 30-day range $4,042.40โ€“$4,424.90; currently in the lower third of that range. RSI(14) 38 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

 Oil touches $114 amid Mideast supply concerns

Crude prices reached their highest level since May as geopolitical tensions threaten Middle East production. Energy price spikes can trigger inflation worries and influence Federal Reserve policy decisions affecting all commodities. (Investing)

 Gold on track for sharp weekly drop as oil fuels rate concerns

Gold is heading toward a weak week as rising oil prices reignite expectations for higher interest rates, which reduces appeal of non-yielding precious metals to investors. (Investing)

 UBS sees dip buyers supporting gold at current levels

A major investment bank suggests institutional buyers are viewing today's gold decline as a buying opportunity, indicating confidence in longer-term demand despite near-term weakness. (Investing)

 Boroo acquires Victoria Gold's Eagle mine in Yukon

A private entity agreed to buy Victoria Gold and plans to restart the dormant Eagle gold mine, adding productive capacity to North American gold supply. (Mining.com)

Partner

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Metals 101

Are metals markets ever closed?

Futures trade almost around the clock on weekdays with a short daily break, and they pause for major US holidays. We skip those mornings โ€” there's no fresh settlement to report.

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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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