Gold prices stabilize amid Hormuz shipping deal optimism
Story essentials
US Federal Reserve, Iran, Qatar
Strait of Hormuz
August 4, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 28/5/2026, 4:40:38 AM
Gold prices traded in a narrow range near $4,070 an ounce. Optimism regarding an interim deal to reopen the Strait of Hormuz eased inflation concerns. Market expectations for US Federal Reserve rate hikes have decreased.
- Earlier version 18/5/2026, 1:50:27 AM
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