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Gold Above 4400 as Fed Watch GrowsFinance — Aug 7, 2026Gold prices firmed across multiple markets: Iraqi rates rose around 930,000–950,000 IQD per mithqal in Baghdad and Erbil, Vietnamese and regional bullion indices hit multi‑week highs on global price gains, and Indian futures climbed on renewed spot demand as futures and spot prices moved higher. The rally was driven by weaker US payrolls and fading expectations of further Federal Reserve rate hikes, lifting spot gold to around $4,350 an ounce.