Gold Holds Steady as Progress on Hormuz Trims Rate-Hike Bets
2 sources·Updated August 5, 2026
Covered by 2 sources
- Bloomberg Economics·2h agoGold Holds Gain as Progress on Hormuz Deal Lowers Rate-Hike Odds
Gold held a sharp gain as signs of progress in reopening the Strait of Hormuz eased energy-led pressure on the Federal Reserve to raise interest rates.
Read at Bloomberg Economics → - Financial Post·1d agoGold Holds Steady as Progress on Hormuz Trims Rate-Hike Bets
Gold traded in a narrow range, as the prospect of an interim deal to reopen the Strait of Hormuz eased inflation concerns and reduced the odds of the US Federal Reserve raising interest rates.
Read at Financial Post →
