Gold Holds Gain as Hormuz Deal Progress Reduces Rate-Hike Odds

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Energy

6 August 2026 at 8:16 am

Gold Holds Gain as Hormuz Deal Progress Reduces Rate-Hike Odds

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Summary

Gold maintained its gains as progress on a deal for the Strait of Hormuz reduced pressure on the Federal Reserve to increase interest rates, which had been driven by energy concerns.

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