Gold Edges Higher Amid U.S.-Iran, Russia-Ukraine Negotiations

Gold futures rise to $2,012.50 per ounce on February 04, 2026, as geopolitical uncertainty surrounding U.S.-Iran and Russia-Ukraine negotiations drives safe-haven demand. The move reflects increased volatility expectations and a flight to safety amid ongoing diplomatic talks. On the New York Mercantile Exchange, the COMEX gold contract gained 0.7% to $2,012.50, with open interest at 1,542,000 contracts as of 1:00 PM EST. The dollar index fell 0.3% to 102.35, contributing to higher gold prices.