Gold Surges 6.6% Past $4,300 as US-Iran Hormuz Talks Slash Fed Hike Odds to 55%

Gold price surge is grabbing investor attention this week. Spot gold climbed past $4,326 on Friday, its highest level in seven weeks. A weekly gain of over 7% driven by cooling inflation fears tied to US-Iran peace talks and a sharp drop in September Fed rate hike odds, according to Reuters. Ad Ad Peace Deal