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fxJul 22, 2026, 3:41 AM

Gold Hits Two-Week High Near $4,141 on US-Iran Diplomacy Hopes

Gold (XAU/USD) rallied to a two-week high around $4,140-$4,141 during Asian trade on Wednesday, supported by optimism that US-Iran diplomacy could lower energy prices and reduce pressure on the Federal Reserve to stay hawkish.

XAUUSD

Gold (XAU/USD) extended its rally to a fresh two-week high during the Asian session on Wednesday, trading near the $4,140-$4,141 region.

The move higher comes as market participants weigh the potential impact of US-Iran diplomatic efforts. Traders anticipate that progress in talks could ease energy prices and temper expectations of a persistently hawkish Federal Reserve.

The precious metal has gained over the past sessions, with the current level marking its strongest since late March.

Source: FXStreet Forex News