XAU/USD falls near $4,470 in early trading amid geopolitical uncertainty and upcoming US nonfarm payrolls data.
Gold prices retreated to $4,470 in early Asian trading Friday, dipping below $4,500 as stalled US-Iran ceasefire negotiations weighed on sentiment. The precious metal remains sensitive to geopolitical developments and economic indicators.
Traders are closely watching the US May employment report, which could influence Federal Reserve policy expectations. Recent volatility in gold has been driven by shifting risk appetite and macroeconomic data releases.
No immediate market reaction was reported, though positioning may adjust ahead of the nonfarm payrolls release later today.