Gold tops $4,300 despite Mideast de-escalation signals

Gold futures crossed $4,300 an ounce on August 6, 2026, even as Middle East talks eased, per WSJ. Spot gold rose 0.6% to $4,276.31. The counterintuitive rally — up roughly 25% year-over-year — suggests traders doubt the truce will hold or are repricing Fed rate-cut expectations as the real driver, not geopolitical risk.