Gold prices hit $4,300 even as Mideast tensions ease

Gold topped $4,300 an ounce on August 6, 2026, despite easing Middle East tensions, the WSJ reported. The price rose 0.6% to $4,276.31 and is up about 25% over the past year. That's surprising — wars cooling usually push gold down. It suggests buyers either doubt the peace will last or expect the Fed to cut interest rates, which also lifts gold.