Wall Street Targets To Open In Positive Territory

India, Aug. 5 -- Projections of a potential interim agreement to reopen the Strait of Hormuz boosted market sentiment on Wednesday.

In the Asian trading session, oil prices recovered. Brent crude futures were up 1.2 percent at $80.30 per barrel.The U.S. dollar hovered near a six-week low in Asian trade

Gold prices surged 2 percent. Spot gold jumped 2 percent to $4,157.25 an ounce while U.S. gold futures were up 1.5 percent at $4,216.22.

Initial signs from the U.S. Futures Index suggest that Wall Street might open higher.

As of 8.00 am ET, the Dow futures were up 262.00 points, the S&P 500 futures were adding 35.75 points and the Nasdaq 100 futures were progressing 59.00 points.

The U.S. major averages finished higher on Tuesday. The Do...