Gold jumped the most since February as prospects for a deal to reopen the Strait of Hormuz reduced expectations for Federal Reserve rate hikes, while a break above a key technical resistance level fueled additional buying.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-04/gold-holds-steady-as-progress-on-hormuz-trims-rate-hike-bets)

Sponsored