• Spot gold slipped 0.1% to $4,644.56/oz and June futures fell 0.3% to $4,671.85/oz.
• President Trump set an 8 p.m. ET deadline for Iran to agree on a Strait of Hormuz reopening deal, raising geopolitical tension.
• China’s central bank continued gold buying for the 17th month, increasing reserves to 74.38 million ounces, up from 74.22 million.
• A stronger US dollar and expectations of higher interest rates pressured gold, which has fallen over the past month.