Markets
Gold Surges 6.6% Past $4,300 as US-Iran Hormuz Talks Slash Fed Hike Odds to 55%
CoinGape·August 7, 2026·1 min read
Gold surged 6.6% past $4,300, reaching $4,326 on Friday, its highest in seven weeks. The rally was driven by cooling inflation fears from US-Iran peace talks and a drop in September Fed rate hike odds to 55%, according to Reuters.
Read at CoinGapeDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.