Gold, silver soften as Hormuz oil risk keeps yields firm

Spot gold and silver are modestly lower ahead of the North American open Friday, as traders weigh last week’s weaker payrolls against Wednesday’s Fed minutes. The move is also supported by steady Treasury yields and renewed uncertainty around the Strait of Hormuz, leaving metals prices slightly risk-balanced rather than decisively directional.

Analysis

Spot gold and silver are modestly lower ahead of the North American open Friday, as traders weigh last week’s weaker payrolls against Wednesday’s Fed minutes. The move is also supported by steady Treasury yields and renewed uncertainty around the Strait of Hormuz, leaving metals prices slightly risk-balanced rather than decisively directional.