Gold Price Surges Amid Strait of Hormuz Buzz and Reduced Fed Rate Hike Expectations

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Commodities

8 August 2026 at 6:29 pm

Gold Price Surges Amid Strait of Hormuz Buzz and Reduced Fed Rate Hike Expectations

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Summary

Gold prices jumped by 8% this week, driven by speculation about the reopening of the Strait of Hormuz and reduced expectations for a US Fed rate hike, as easing Middle East tensions and falling oil prices cooled inflation concerns.

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