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6 August 2026
Gold climbs above $4,200 as easing inflation concerns lift precious metals
Gold prices surged by more than 2% on Wednesday, with futures moving above the $4,200-an-ounce mark as optimism surrounding a potential agreement to reopen the Strait of Hormuz reduced inflation concerns and encouraged investors to lower expectations for additional Federal Reserve interest rate increases. At 02:07 ET (06:07 GMT), spot gold (XAU/USD) advanced 2.
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