Daily Market Report
➢ Gold heads for its best week since January but consolidates below recent highs as USD strength and Fed hike bets cap gains ahead of NFP.
➢ Iran proposed barring “hostile” vessels from the Strait of Hormuz, reigniting supply risk and lifting oil while paring gold’s gains.
➢ WTI holds firm near $77.50 as escalating Middle East tensions continue to threaten key oil supply routes.
➢ Silver rises to near $62.20 as markets count down to the US NFP release, with precious metals holding firm on the week.
➢ The USD holds steady near 100.00 as bulls await NFP data while Iran risks keep safe heaven demand alive.
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