Daily Market Report
➢ Gold drifts lower from its seven-week peak, holding above the $4,300 pivotal support as US inflation data looms large this week.
➢ Weak US jobs data dented rate hike bets, with US Treasury yields dropping and gold holding firm after the soft NFP print.
➢ Silver holds gains after the weak jobs report, starting the CPI week on a flat note around $63.50.
➢ Hormuz tensions escalate again as an unconfirmed missile attack emerges amid fragile US-Iran talks, keeping markets on edge.
➢ WTI rises to near $79.50 as uncertainty over the Strait of Hormuz reopening keeps oil supply risks elevated.
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