7 Shocking Reasons Gold Hits 7-Week Peak: Strait of Hormuz Reopening Sparks Market Rally!
Gold Touches Seven-Week Peak: What’s Driving the Rally? Gold prices hit a seven-week high on Thursday, August 6, 2026, as hopes grew for the reopening of the Strait of Hormuz. This strategic waterway, critical for global oil shipments, had been disrupted for months due to regional tensions. Spot gold climbed 1% to $4,285.84 per ounce,…
