Gold prices surge to seven‑week high amid US‑Iran talks

gold price surge US‑Iran negotiations Federal Reserve rate outlook RBC Capital Markets forecast Qatar mediation

Spot gold rose to about $4,255 per ounce in New York, its highest level in six weeks, after US‑Iran negotiations eased tensions in the Strait of Hormuz. The diplomatic progress, together with a weaker U.S. dollar (the dollar index fell to around 99.7) and lower oil prices, reduced inflation expectations and pushed the market‑priced probability of a Federal Reserve rate hike in September down to roughly 55‑59%.

Technical analysis showed the metal breaking above the $4,203 range top, generating a bullish signal. RBC Capital Markets kept its bullish outlook, projecting an optimistic scenario where gold could reach $5,300 per ounce. Qatar’s mediation of a temporary agreement on the strait further supported the rally. Local markets reflected the move, with Turkish spot gold trading around $4,127 and gram gold near 6,300 TL.

The rally was reinforced by central‑bank buying, continued investor demand for safe‑haven assets, and expectations that lower energy prices will keep inflation pressures in check.

Entities

BIST 100 · British pound · British pound sterling · Euro · Federal Reserve · Federal Reserve · Gold · Gold · Gold · Gold (XAU) · Gold (XAU) price · Gold (commodity)

Claims

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

[● 9 SOURCES] Gram gold price in Turkey increased about 1.5% to around 6,324 Turkish lira on 5 August 2026. finans.mynet.com · www.manisahaberleri.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[● 7 SOURCES] Global oil prices declined, helping to lower inflation expectations and support gold prices. finans.mynet.com · anlatilaninotesi.com.tr
[● 9 SOURCES] Market-implied probability of a Federal Reserve rate hike in September fell to 59% from 67%. finans.mynet.com · www.manisahaberleri.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[● 9 SOURCES] Spot gold price rose about 1.3% to roughly $4,127 per ounce on 5 August 2026. finans.mynet.com · www.manisahaberleri.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[○ 1 SOURCE] BIST 100 index rose 2.07% to 13,687.93 points.
[● 2 SOURCES] The Turkish lira/dollar exchange rate reached a record high of 47.58 lira per U.S. dollar.
[● 11 SOURCES] Silver rose to $60.64 per ounce, up about 1.9 % on 5 August 2026. finans.mynet.com · www.cnbce.com · bitnewsbot.com · bullion.directory · www.ilgazetesi.com.tr · +3 more
[● 4 SOURCES] Gram gold in Turkey increased about 1.5 % to 6,324 TL on 5 August 2026. finans.mynet.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[● 4 SOURCES] The U.S. dollar/₺ exchange rate was around 47.57 TL on 5 August 2026. finans.mynet.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[DISPUTED] BIST 100 index rose 2.07 % to 13,687.93 points on 5 August 2026. finans.mynet.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[● 4 SOURCES] Spot gold rose about 1.3 % to roughly $4,127 per ounce on 5 August 2026. finans.mynet.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr
[● 15 SOURCES] Probability of a Federal Reserve rate hike in September fell to 59 % from 67 % on 5 August 2026. finans.mynet.com · anlatilaninotesi.com.tr · sanayigazetesi.com.tr · www.cnbce.com · bitnewsbot.com · +6 more