Gold spot fell 0.2% to $4,752.29/oz, but weekly gain of ~1.5% marks third consecutive weekly advance.
US‑Iran ceasefire remains fragile, with talks pending and Lebanese conflict affecting sentiment, while Strait of Hormuz stays largely shut.
US CPI data due Friday expected to rise on energy price surge, influencing Fed policy and keeping interest rates higher longer.
Dollar index up 0.1% but set for >1% weekly drop, making gold cheaper for overseas buyers and supporting price gains.