Gold declined from a two-month high as traders weighed prospects of a US-Iran deal to reopen the Strait of Hormuz while awaiting a key US inflation report that could provide fresh clues on the Federal Reserve’s appetite for an interest-rate hike.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-10/gold-touches-4-400-as-traders-turn-focus-to-us-inflation-data)