Gold spot fell 0.5% to $4,627.91/oz, marking a third consecutive daily decline amid inflation and rate concerns.
President Donald Trump's deadline to force Iran to reopen the Strait of Hormuz heightened geopolitical tension, pushing oil prices up.
Rising oil prices stoked inflation expectations, reducing prospects for near‑term Fed rate cuts and dampening gold’s appeal.
Silver fell 1.2% to $71.94/oz and platinum dropped 1.4% to $1,956.60/oz.