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Bloomberg

Gold Holds Steady as Progress on Hormuz Trims Rate-Hike Bets

Tuesday, August 4, 2026


Gold traded in a narrow range as negotiations progressed on reopening the Strait of Hormuz, which reduced expectations for US Federal Reserve interest rate increases.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-04/gold-holds-steady-as-progress-on-hormuz-trims-rate-hike-bets

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