Spot gold fell 0.5% to $4,672.22/oz, futures down 0.8% to $4,686.89/oz, setting up a 3% weekly loss.
Strengthening dollar, its best week since early March, pressured gold and other precious metals, with silver down 1.2% and platinum down 1%.
US‑Iran tensions revived, with US extending ceasefire but maintaining naval blockade, Trump urging no rush for peace, raising inflation and rate‑rise concerns.
Oil prices surged sharply this week, keeping energy‑driven inflation expectations high and further dampening demand for non‑yielding assets like gold.