Gold Edges Lower as Iran Hormuz Proposal Lifts Crude

Spot gold prices fell 0.3% to $4,233.64 per ounce on Thursday as rising oil markets reignited inflation concerns and interest rate hike expectations. Investors are monitoring a potential Iranian bill to restrict vessel transit in the Strait of Hormuz ahead of upcoming U.S. employment data.

Aug 6, 2026

X24 PerspectiveX24 Perspective