Bob Iaccino of Path Trading Partners discusses the recent price action in September Gold futures following a quiet, low-volume session. While the market remained essentially unchanged to close out the week, gold secured its second positive week out of the last eight. Looking ahead, traders are preparing for a wave of central bank activity, including decisions from the FOMC, Bank of England, and Bank of Japan, following the ECB's decision to hold its deposit rate at 2.25%. Iaccino also explores how escalating geopolitical tensions in the Strait of Hormuz are pulling safe-haven demand in two directions, balancing against the potential for an energy-driven inflation shock that could keep interest rates higher for longer.