Shafaqna English- Gold climbed over 1% on Tuesday(21 Jul 2026), with investors assessing diplomatic initiatives aimed at de-escalating tensions between the U.S. and Iran—moves that could reduce inflationary pressures from oil and shape the Federal Reserve’s monetary policy direction. By 05:29 GMT, spot gold had gained 1.2% to reach $4,054.24 per ounce, while U.S. futures for August delivery advanced 1.1% to $4,059.10. www.shafaqna.com