Gold Touches Seven-Week High Amid Strait of Hormuz Reopening Hopes

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Commodities

6 August 2026 at 11:13 am

Gold Touches Seven-Week High Amid Strait of Hormuz Reopening Hopes

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Summary

Gold prices reached a seven-week high on Thursday, driven by a weaker dollar, falling Treasury yields, and optimism surrounding the potential reopening of the Strait of Hormuz.

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