Gold prices traded lower on Friday and headed for a weekly loss due to lingering uncertainty over U.S.-Iran peace negotiations and Fed rate hike worries.
Spot gold slid 0.2 percent to $4,465.13 an ounce and was down nearly 1.6 percent for the week. U.S. gold futures were down 0.3 percent at $4,490.32 on inflation and interest rate worries.
The dollar steadied and was set for a small weekly gain ahead of the U.S. nonfarm payrolls report later in the day, expected to show some moderation in employment growth in May after two straight months of strong gains.
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Market Analysis
Gold Set For Weekly Loss On Uncertainty Over US-Iran Peace Deal
2026-06-05 09:47:31
