The FTSE 100 edged higher on Friday, remaining within a narrow ±0.5% range as investors stayed cautious amid uncertainty over a lasting agreement to reopen the Strait of Hormuz. Precious metals miners outperformed, with Fresnillo and Endeavour gaining 5.3% and 4.1%, respectively, while Rio Tinto and Anglo American added around 1%-1.5%. Diageo climbed more than 3%, extending Thursday’s 5.6% gain following its restructuring announcement. In contrast, Shell and BP fell as oil prices fluctuated and remained lower for the week. JD Sports rose more than 2% after appointing Peter Agnefjäll as chairman from September 1. Meanwhile, Lloyds reported that UK house prices were unchanged in July, with annual growth slowing to 0.1%, its weakest pace since November 2023. Elsewhere, weaker US jobs data reduced expectations of a Federal Reserve rate hike next month. The FTSE 100 finished slightly higher for the week.