Spot gold prices were lower and spot silver prices were also under pressure in late afternoon trading on Friday, as firm Treasury yields, a stronger dollar tone and hawkish Fed inflation language offset residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks
Russia's sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits
Wall Street stays bearish as gold clings to $4,500, Main Street maintains bullish bias as Fed rate hike concerns mount
Gold steadies, silver rises as as Hormuz risk premium fades - Kitco PM Report
Gold drops below $4,500, silver breaks $74 support as Iran talks stall - Kitco PM Report
Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
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