George Clooney was labelled Gay in all the mags and Hollywood gossip programs because he was saying NO to all the gold diggers, all beautiful mind you and preferring the company of his pet pig. They all stopped, when he finally found his match - an Italian woman.
I would also say that the 'hope' Hugh is Gay is probably coming from all the male Gays in Hollywood who probably want a slice of him or for him to support their Gay rights, etc.
Hell, I did some Nursing, worked with heaps of Gays and I wasn't Gay. Though the cultural cliche and stereotype expectation for me to be Gay was always there. I never did 'conform' - naughty me.

A lot of Celibate men and women are considered to be Gay. It's just the stupid Woke LGBetc agenda going around, that if you are not having sex with the opposite sex, then you 'must' be having sex with the same sex to be politically correct. It never occurs to the Woke Gay/Lesbian culture that Celibacy means 'no sex' period (!) and is a 'relationship with people as a whole'.
I'm betting Hugh is not Gay.