Spot gold rose 0.67% to $4,371.33 an ounce on Friday, reclaiming its 10-day moving average and testing the breakout level at $4,381. Spot silver gained 1.92% to $66.35, recovering from support near $62.98 and pressing toward a resistance zone between $66.97 and $68.33.
The precious metals advance followed the Federal Reserve's decision on Wednesday to raise its target range by 25 basis points to 3.75%-4.00%, with policymakers signaling that another increase remains possible. Thursday's jobless-claims report showed unemployment filings dropping to 196,000, underscoring a labor market firm enough to sustain the Fed's tightening bias.
U.S. Treasury yields retreated from the week's highs. The 10-year yield traded around 4.93%-4.94%, down from a peak of 5.04%. The greenback stalled after its post-Fed advance, adding to the rally in non-yielding assets.
Oil prices fell for a third session despite ongoing geopolitical risk in the Persian Gulf. Brent crude hovered near $104 a barrel, while Nymex WTI crude sat around $101. Iran stated it had struck an oil tanker attempting to transit the Strait of Hormuz, and vessel traffic remains well below normal. Saudi Arabia is pursuing export workarounds through Oman and partial restoration of pipeline capacity.
Technical analysts noted that gold bulls were eyeing resistance at $4,381, followed by $4,396.15 and the next major hurdle at $4,966. Bearish targets lay at $4,281.62, then $4,270 and $4,235. In silver, a move above $66.97 would open a path to $68.33 and $71.18, while a break below $65.32 would expose support at $62.98 and $62.31.
