Overview
- Gold traded near $4,715 per ounce Friday, USA TODAY data showed, after a three‑day rally earlier in the week.
- Reports that the White House was close to a framework with Iran boosted bullion this week as oil slumped and the dollar eased.
- Fresh caution set in after Iranian officials questioned the proposal and outlets noted exchanges near the Strait of Hormuz, prompting profit‑taking that trimmed prices.
- Even as gold cooled, silver extended its run to about $80 per ounce in global trade.
- Regional markets reflected the swings as India’s MCX August futures hovered near Rs 1,52,700–1,52,950 per 10 grams and Pakistan’s per‑tola rate fell Rs2,700 to Rs494,062.