Gold prices surge above $4,200 driven by Fed bets and diplomatic hopes in West Asia, marking a strong weekly performance.

Gold is having one of the best days of the year. The yellow metal has decisively broken the $4,200 per ounce barrier, signaling a likely close above the 50-day moving average – a…

Spot gold rose as high as $4,295 per ounce before paring gains to $4,268 per ounce on Thursday. Gold futures were seen trading at $4,329 per ounce.