Gold rises above $4,300 as easing Mideast talks fail to dent rally

Gold futures pushed above $4,300 an ounce on August 6, 2026, even as Middle East talks eased, WSJ reported. Spot gold rose 0.6% to $4,276.31. The counterintuitive move suggests traders either doubt the de-escalation will hold or are repricing Federal Reserve rate-cut expectations — not geopolitical risk — as the rally's primary driver. Gold is up roughly 25% year-over-year.