Gold & Silver Dropping on Iran War News – July CoinStats

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	Gold Price Pushes to Session Highs as U.S. Existing Home Sales Drop 2.4%
	Gold prices are holding renewed support above $4,100 an ounce and could attract fresh momentum as the U.S. housing market remains lackluster, with home sales continuing to struggle. . . Neils Christensen
	Will Gold Prices Hit All-Time Highs Again in 2026?
	Will the explosive surge in demand that started the year return? And what is the future of Gold prices beyond 2026. . . J.P. Morgan
	Global Economy Resilient to Middle East War Shock, Agencies Say
	The leaders, who have been meeting regularly to assess the impact ⁠of the war, called for further progress toward a resolution to the conflict. . . Gursimran Kaur & Andrea Shalal
	India Silver Import Curbs Create Shortages Push Premiums to Six-Month High
	India's restrictions on Silver imports have created shortages in the world's biggest market for the precious metal, pushing premiums to ‌their highest levels. . . Rajendra Jadhav
	250 Years of U.S. Independence, 55 Years of Fiat Currency
	Since the founding of the U.S., the money system has changed multiple times. . . Heraeus Precious Appraisal
	Turkish Central Bank Tops Global Gold Sales Amid Iran War
	The Central Bank of the Republic of Türkiye (CBRT) has emerged as the world's largest official Gold seller. . . Newsroom; Turkey Today

Last week, Gold traded between $4,055 and $4,205 per ounce as it stayed above the key $4,000 per ounce support level. Gold closed the week on Friday at $4,120 per ounce, down $7 for the week.

The U.S. and Iranian war got worse last week and over the weekend. Iranian missiles are being launched at ships in the Strait of Hormuz and at American bases in the Middle East. The U.S. has launched hundreds of air attacks on Iran after President Trump declared that the ceasefire was over last Friday.

U.S. economic news has been negative, with existing home sales dropping 2.4% in June and the July Jobs reporting lower than expected. This, combined with the Fed’s bias of higher interest rates, is showing the economy slowing down.

As the Iranian war rolls on, Gold continues to trade actively, but the value has a downward bias. The Gold price has moved from over $5,000 per ounce to a low of $3,945 since the start of this war. During this period, many of the world’s largest central banks have made record purchases at various support levels. $4,000 per ounce has recently been a key support level.

Key Economic data to watch this week:

• July 6th, Monday:
• July 7th, Tuesday: June Consumer Price Index
• July 8th, Wednesday: June Manufacturing Survey and May Consumer Credit
• July 9th, Thursday: Initial Claims
• July 10th, Friday: June Existing Home Sales and June U.S. imports and exports

Today: Last night in overseas Gold trading, Gold continued to move lower in China, India, and London. Gold reached a low of $3,999.90 when the U.S. started trading. The $4,000 per ounce level is a major support level, and any serious break would be very bearish for the short-term.

Last week, Silver traded between $57.25 and $63.38 per ounce, closing the week at $59.90 per ounce, down $1.15 for the week. Silver traded above and below the key $60 per ounce support level for the past two weeks, based on reports on the Iranian war.

Today: Last night, as news of fresh U.S. Iran strikes were reported, Silver in overseas trading moved $1.30 lower when the Chinese market opened. Then, it dropped another $0.60 per ounce when trading in India opened. Silver reached a low of $57.44 per ounce during early U.S. trading before bouncing back above $58.

I’m proud to provide the July 2026 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. Other features on CoinStats for July 2026 are six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS certified MS63 or higher Gold & Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The July 2026 version of CoinStats has updated populations and prices from PCGS. I have also included information on increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page. As we start 2026, there is many investment quality rare Gold and Silver coins that are undervalued. We have identified them in Red on the CoinStats final page in each type. The precious metals higher there are a number of rare coins great values. I believe 2026 will be an excellent year for high quality Gold and Silver rare coin collectors and investors.

If you wish to receive a copy of the current CoinStats, just reply in the subject line with the series requested.

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Barry Stuppler has been a professional numismatist for over 60 years and is considered one the nation’s foremost experts in rare coins and precious metals. Mr. Stuppler is a past President of the American Numismatic Association (ANA) and Professional Numismatists Guild (PNG). He is currently chairman of the Federal and California State Gold & Silver Political Action Committees, and president of the
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