@goldavailable4sale: Gold climbed toward $4,200 an ounce on Wednesday, rising for the third straight session as investors assessed reports of an imminent deal to reopen the Strait of Hormuz, which could ease inflation concerns and lower the likelihood of near-term Federal Reserve interest rate hikes. On Tuesday, Qatar said an interim proposal had been prepared, while both Washington and Tehran signaled progress in negotiations to reopen Hormuz, triggering a sharp decline in oil prices. Markets trimmed expectations for a September Fed rate hike to around 57%, down from 67% a day earlier. Investors are now awaiting a fresh batch of US labor market data for further clues on the Fed’s policy outlook, with ADP’s July private payrolls report due later today. Meanwhile, gold-backed exchange-traded funds in China continued to attract inflows as institutional investors maintained support for bullion above the key $4,000-an-ounce level. #goldbar #goldrefining #jewelrymaking #jewelrybusiness #jewelryshop

Mr timber Jarvis

Open In TikTok:

Region: CM

Wednesday 05 August 2026 12:50:48 GMT