Sentiment: Positive
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Gold Price Hits $4,255 as US-Iran Talks Ease Rate Hike Fears
By Kelvin Munene at 2026-08-05 19:40
Sentiment: Positive
TLDR Gold climbed to $4,255, marking its strongest daily gain since February and a six-week high. Progress in US-Iran talks reduced inflation concerns, supporting demand for the precious metal. Lower inflation expectations prompted markets to scale back forecasts for additional Fed rate hikes. Gold’s market capitalization rose by $1.3 trillion, reaching approximately $30 trillion. Investors [...] The post Gold Price Hits $4,255 as US-Iran Talks Ease Rate Hike Fears appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis #Gold Rally
Source Coin Central