• 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 Tuesday deadline for Iran to reopen the Strait of Hormuz heightened geopolitical tension, pushing oil prices higher.
• Rising oil prices and a firmer dollar stoked inflation expectations, reducing gold's appeal and dampening prospects for near‑term Fed rate cuts.
• Silver slipped 1.2% to $71.94/oz and platinum fell 1.4% to $1,956.60/oz, reflecting broader precious‑metal weakness.