đ„ XAU / đ„ XAG â Friday wrap
Spot gold $4,377 (+$36 / +0.84%) â 3-day high $4,400.60
Spot silver $66.13 (+$1.03 / +1.58%) â 3-day high $67.46
Both metals hold weekly gains as cheaper crude offsets a rebound in yields and a firmer dollar.
đąïž Oil down for a 3rd session: WTI $100.30 (-1.6%), Brent $104.87 (-0.9%) after China â at Saudi request â pressed Iran to limit Houthi hits on Saudi infrastructure.
đ 10Y back to 5.00% | 2Y 4.74% (highest since Jul 2024)
đŠ Fed +25bps to 3.75â4.00%. Futures price ~58% odds of another hike in October.
đ” USD firmer.
Setup: constructive but crowded. Lower oil eases the near-term inflation shock; 5% yields and sticky hike pricing still cap the upside. Hormuz remains constrained â defensive floor under bullion stays intact.
Levels
Gold: break $4,396 â $4,406 then $4,466. Support $4,331 / $4,282.
Silver: clear $66.70 then $68 / $70. Support $64.88 / $63.60.
đTRADE $XAG | $XAU HEREđ
Spot gold $4,377 (+$36 / +0.84%) â 3-day high $4,400.60
Spot silver $66.13 (+$1.03 / +1.58%) â 3-day high $67.46
Both metals hold weekly gains as cheaper crude offsets a rebound in yields and a firmer dollar.
đąïž Oil down for a 3rd session: WTI $100.30 (-1.6%), Brent $104.87 (-0.9%) after China â at Saudi request â pressed Iran to limit Houthi hits on Saudi infrastructure.
đ 10Y back to 5.00% | 2Y 4.74% (highest since Jul 2024)
đŠ Fed +25bps to 3.75â4.00%. Futures price ~58% odds of another hike in October.
đ” USD firmer.
Setup: constructive but crowded. Lower oil eases the near-term inflation shock; 5% yields and sticky hike pricing still cap the upside. Hormuz remains constrained â defensive floor under bullion stays intact.
Levels
Gold: break $4,396 â $4,406 then $4,466. Support $4,331 / $4,282.
Silver: clear $66.70 then $68 / $70. Support $64.88 / $63.60.
đTRADE $XAG | $XAU HEREđ
