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GOLD AND SILVER RALLY AS US-IRAN TALKS KEEP MARKETS ON EDGE

Published on Aug 04, 2026 14:30

Gold futures climbed above $4,110 an ounce in electronic trade on Tuesday, while MCX bullion futures advanced towards ₹1,44,000 per 10 grams. Silver also gained more than 2% to above $59 an ounce, supported by persistent structural supply deficits and a weaker US dollar. Investors continued to monitor developments in US-Iran talks and the possibility of the Strait of Hormuz reopening, with President Donald Trump calling negotiations Tehran�s final opportunity for a deal, while Iran denied direct talks but said discussions with Oman on easing shipping disruptions were progressing. Markets also remained focused on the US Federal Reserve�s rate outlook ahead of the latest JOLTS job openings and international trade data.

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