US Dollar Strength Shapes Global Markets

Strong U.S. employment data (172,000 jobs added vs. 85,000 expected) is supporting the U.S. Dollar and pressuring precious metals. The Federal Reserve is expected to maintain elevated interest rates longer, benefiting the dollar against major currencies like EUR, GBP while supporting USD/JPY and USD/CAD. Gold and silver face headwinds from dollar strength and higher yields, though crude oil remains supported by OPEC+ discipline.