Gold prices today, Wednesday, August 5, 2026: Gold prices are holding, awaiting news on Hormuz deal

On Wednesday, August 5, 2026, gold prices are currently holding steady as investors await further news regarding the Hormuz deal. Meanwhile, silver prices are experiencing an upward trend during early trading sessions, driven by market optimism concerning the same Hormuz agreement. Both precious metals are reacting to the geopolitical developments surrounding the deal, with silver showing immediate growth while gold maintains its current valuation in anticipation of official updates and further reports.