Gold surges past $4,700 as US-Iran peace talks advance, oil prices decline, and dollar weakens, creating favorable conditions for precious metals rally.

Gold extends gains above $4,700 as US-Iran peace negotiations push oil lower, ease inflation worries, and weaken the dollar. Silver surges over 6%.

Gold surges past $4,700 with central bank buying and Middle East tensions driving gains. Traders monitor U.S. jobs data for Federal Reserve rate signals.