- Gold gained as the prospect of a deal to reopen the Strait of Hormuz pushed oil lower and eased immediate concerns that conflict-driven inflation would force higher interest rates.
- Federal Reserve dissenters called for an immediate rate increase, keeping inflation and rate risk central to bullion trading ahead of U.S. labor reports this week.
- Alamos Gold reported higher Q2 revenue and earnings on stronger realized gold prices but cut its FY26 production outlook.
Quotes
“the Immediate, Complete and Total”