22:02 - 12.08.2026

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August 12, Fineko/abc.az. Spot gold prices advanced 1.6% to $4,438 per ounce as markets monitored potential reopening developments for the Strait of Hormuz alongside US inflation data (0.1% MoM, 3.4% YoY).

While Pakistan reported progress in US-Iran talks, toughening rhetoric from both sides sustains market uncertainty. Driven by elevated oil prices, markets currently price in a 50% probability of a 25 bps Fed rate hike in September.