Gold Hits $4,000 as Iran Talks and Fed Decision Loom

Gold prices climbed above $4,000 per ounce on Monday, as traders held their breath for news from U.S.-Iran peace talks and hints about future interest rate cuts from the Federal Reserve. The precious metal’s jump reflects growing uncertainty in global markets, with investors seeking safe-haven assets. All eyes are now on diplomatic developments in the Middle East and the Fed’s next policy meeting, both of which could drive gold higher or spark a sharp pullback.