Gold hits 7-week high on weak US payrolls data, Hormuz deal hopes
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Gold prices climbed to their highest level since late June on Thursday, supported by weaker-than-expected US private payrolls data, a softer dollar and hopes for an agreement to reopen the Strait of Hormuz, Anadolu reports. Spot gold rose as high as around $4,300 per ounce before paring some gains to trade around $4,260, extending its advance for a fourth consecutive session. The precious metal gained after payroll processing firm ADP reported a sharp slowdown in private-sector hiring in July, w
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