Gold Slides 1% as Dollar Rises, Warsh Hearing

Spot gold fell 1.0% to $4,772.71/oz and futures 0.8% to $4,792.79/oz as the dollar strengthened.
The dollar index rose 0.2% while investors weighed uncertainty over the U.S.-Iran cease‑fire talks.
Oil prices stayed elevated due to the Strait of Hormuz closure, stoking inflation and rate‑hike concerns.
Senate Banking Committee scheduled Fed Chair nominee Kevin Warsh's confirmation hearing at 10:00 ET, prompting market caution.