Warsh Pick Jolts Markets: Dollar Nears 98, Gold Whipsaws 21%, Oil Rebounds Above Rs 5,900

• Global markets experienced dramatic moves due to a sharp tech selloff and monetary policy uncertainty.
• US dollar strengthened towards 98, supported by a hawkish Federal Reserve outlook after Kevin Warsh's nomination.
• COMEX gold saw extreme volatility, dropping 21% then recovering 15%, settling up 5% for the week.
• WTI crude oil rebounded above $65 per barrel after US-Iran deal optimism faded and US inventories drew down.
• Near-term commodity prices are expected to remain choppy due to margin hikes and upcoming US data releases.