Gold fell on Friday and was set for a weekly decline after Middle East tensions dimmed hopes for a US‑Iran peace deal, while rising inflation and rate‑hike fears weighed on the market. Nicholas Frappell, global head of markets at ABC Refinery, said: "Pessimism over prospects for resolving the Iran conflict is negative for gold. On central bank policy, I see a trend toward markets pricing tighter rates, which also pressures gold." Investors are awaiting US May nonfarm payrolls later in the day to

Gold fell on Friday and was set for a weekly decline after Middle East tensions dimmed hopes for a US‑Iran peace deal, while rising inflation and rate‑hike fears weighed on the market. Nicholas Frappell, global head of markets at ABC Refinery, said: "Pessimism over prospects for resolving the Iran conflict is negative for gold. On central bank policy, I see a trend toward markets pricing tighter rates, which also pressures gold." Investors are awaiting US May nonfarm payrolls later in the day to assess the Fed's policy path.