Spot gold fell 1.0% to $4,795.63/oz, retreating from one‑month high amid a firming US dollar.
Gold futures slipped 0.7% to $4,817.70/oz while weekly price rose 1.6% on easing Middle East tensions.
US‑Iran cease‑fire talks and a possible permanent truce boosted risk appetite, reducing safe‑haven demand for gold.
Analysts at ING, citing Trump’s comments, said markets are more confident the Middle East crisis is moving toward resolution.