Gold edged lower on Friday but was set for a third weekly gain, buoyed by the two-week U.S.-Iran ceasefire agreement and eased concerns over possible Federal Reserve rate hikes this year.
Spot gold dipped 0.3 percent to $4,748.31 an ounce while U.S. gold futures for June delivery were down 1 percent at $4,772.17 an ounce.
The dollar was little changed but headed for its largest weekly drop since January on optimism surrounding U.S.-Iran diplomatic talks scheduled for this weekend.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.