Gold Reclaims $4,334 as Safe-Haven Demand Surges on Hormuz Fears
Gold hit $4,334/oz in Friday's session, its highest level in a week and the fourth consecutive session of gains, as diplomatic progress on the Strait of Hormuz squeezed September Fed rate-hike odds and reawakened safe-haven buying. Spot gold reached $4,344.50 on Friday, August 7, per Yahoo Finance data. Key Takeaways Gold reclaimed $4,334/oz in Friday's session on August 7, 2026, its highest print in a week and its fourth straight session of gains, according to Yahoo Finance data. Iran-Oman-US talks on the Strait of Hormuz reached their final stages, pulling September Fed rate-hike probability from 67% to approximately 55% in 48 hours (Reuters, August 6, 2026). Key support sits at $4,264 and…
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