Gold rises as US‑Iran talks ease oil prices

gold price US‑Iran negotiations oil price drop Fed rate outlook silver support level

Spot gold climbed about 1 % to roughly $4,086‑$4,127 per ounce, buoyed by a softer dollar and a drop in oil prices after progress in US‑Iran‑Oman talks on reopening the Strait of Hormuz. The market’s view of a Federal Reserve rate hike in September fell to roughly 55‑63 % probability, easing inflation concerns. Saudi Aramco warned that even if the strait reopens, full replenishment of oil stocks could take up to 18 months. Silver traded near $59 per ounce, with technical support around $56‑57 and resistance near $59. The easing of geopolitical tension, combined with statements from U.S. President Donald Trump about “very good” talks but a hard‑line warning to Iran, helped lift precious‑metal prices while oil fell about 2 %.

Entities

Bank of Korea · Donald Trump · Federal Reserve · Gold · Gold (spot price) · Iran · John Williams · Saudi Aramco · Silver · Strait of Hormuz · Turkey · U.S. Federal Reserve

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The Federal Reserve may cut interest rates in response to oil price movements and inflation pressures. goldseek.com · www.gold-eagle.com
[● 2 SOURCES] The U.S. Strategic Petroleum Reserve is projected to reach critical levels in 3–4 months due to ongoing oil dumping. goldseek.com · www.gold-eagle.com
[● 2 SOURCES] Three scenarios were outlined for oil markets, including a possible surge to $120 per barrel if the Iran war resumes. goldseek.com · www.gold-eagle.com
[○ 1 SOURCE] Oil prices increased by about 2 % amid heightened tensions with Iran. www.sbctv.gr
[○ 1 SOURCE] Saudi Aramco warned that full replenishment of oil stocks could take up to 18 months even if the Strait of Hormuz reopens. www.sbctv.gr
[○ 1 SOURCE] U.S. and Iranian officials described recent talks as a possible last chance for an agreement. www.insider.gr
[● 2 SOURCES] Gold is considered to be in a major buy zone around $4,000 per ounce. goldseek.com · www.gold-eagle.com
[○ 1 SOURCE] Gold spot price rose 0.8 % to $4,086.36 per ounce. www.insider.gr
[○ 1 SOURCE] Central banks, including the Bank of Korea, continued buying gold in 2026. investinglive.com
[● 3 SOURCES] Spot gold rose about 1 % to $4,127 per ounce on 4 August 2026. arynews.tv · bazaartimes.com · investinglive.com
[● 3 SOURCES] Silver traded near $59 per ounce, with the XAG/USD pair around that level. www.cnbce.com · www.karar.com · www.ekoturk.com
[● 3 SOURCES] Progress in US‑Iran‑Oman talks on reopening the Strait of Hormuz reduced inflation concerns and supported metal prices. investinglive.com · www.karar.com · www.ekoturk.com