Gold weakens as U.S.-Iran talks keep oil, rates in focus

Spot gold and silver were lower in late Friday trading as firm Treasury yields, a stronger dollar, and hawkish Fed inflation language outweighed residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks. The move points to near-term pressure on precious metals from higher rates and FX strength, despite ongoing geopolitical support.

Analysis

Spot gold and silver were lower in late Friday trading as firm Treasury yields, a stronger dollar, and hawkish Fed inflation language outweighed residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks. The move points to near-term pressure on precious metals from higher rates and FX strength, despite ongoing geopolitical support.