Profit-Taking Hits Gold and Silver Amid Oil Gains and Hormuz Deal Doubts

Investors cashed in gains on gold and silver Thursday as oil prices climbed, Treasury yields strengthened, and the dollar gained ground following doubts over a shipping deal in the Strait of Hormuz. Spot gold eased 0.07% to around $4,243.40 per ounce, while silver dropped 0.64% to about $61.52. U.S. stock indices also declined amid this shift to defensive positioning ahead of payrolls data.