Gold Sees Largest Jump Since February Amid Hormuz Deal Hopes and Technical Breakout

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Commodities

6 August 2026 at 8:12 am

Gold Sees Largest Jump Since February Amid Hormuz Deal Hopes and Technical Breakout

HyperFast News

Summary

Gold experienced its largest jump since February, driven by reduced expectations for Federal Reserve rate hikes due to prospects of a deal to reopen the Strait of Hormuz, alongside a significant technical breakout.

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