Partially offsetting the losses from the two previous trading sessions, gold prices have soared on Tuesday as a plunge in crude oil prices following positive messages from the U.S. and Qatar on an agreement to reopen the Strait of Hormuz dispelled concerns of high interest rates in the U.S. in the near term.
Aug 5, 2026
Partially offsetting the losses from the two previous trading sessions, gold prices have soared on Tuesday as a plunge in crude oil prices following positive messages from the U.S. and Qatar on an agreement to reopen the Strait of Hormuz dispelled concerns of high interest rates in the U.S. in the near term.
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