Gold was on track for its biggest gain in more than six months as dip-buyers supported prices above a key technical level while looking past flare-ups in the Strait of Hormuz that risked adding to energy-led inflation.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-06/gold-steady-as-traders-assess-impact-of-hormuz-flare-up-on-rates)