Gold Prices Jump Above $4,300 an Ounce Amid U.S.-Iran Negotiation HopesGold futures rallied sharply during trading on the Chicago Mercantile Exchange (CME), rising 3.6% from the previous close to an intraday high of $4,302.30 per ounce, according to data from Trading Economics. Market analysts cited by Trading Economics said the rally reflected increased optimism that diplomatic efforts could lead to an agreement between Washington and Tehran after months of heightened tensions. Earlier, Trump warned that the United States could launch military strikes against Iran if the Strait of Hormuz remained closed. Investors Closely Watch Geopolitical RisksGold often attracts investor demand during periods of geopolitical uncertainty, with prices responding rapidly to shifts in global risk sentiment. Traders continue to monitor developments in U. S.-Iran relations for potential impacts on commodity markets, energy supplies and broader financial conditions.