Gold Falls 0.4% to $4,748 Pre‑CPI

Spot gold slipped 0.4% to $4,748.45 per ounce, while US gold futures fell 1.0% to $4,772.07.
Gold remains on track for a third consecutive weekly gain, up about 1.6% despite the dip.
Investors await Friday’s US CPI, with expectations of a sharp headline rise driven by gasoline prices above $4 per gallon.
Potential US‑Iran cease‑fire talks in Pakistan face uncertainty amid Israeli strikes in Lebanon and a largely shut Strait of Hormuz.