Gold prices edged down to around $4,600 per ounce in Asian electronic trading on Friday, extending Thursday’s modest losses as safe-haven demand softened and expectations of an imminent Federal Reserve rate cut faded. Geopolitical concerns in Iran eased after President Donald Trump indicated a possible delay in military action, following Iran’s pledge not to execute protesters. The US dollar index remained steady around 99, supported by robust economic data that tempered bets on near-term interest rate reductions, pushing the next fully priced Fed rate cut from June to July. In India, MCX February delivery bullion futures traded little changed at Rs 1,43,074 per 10 grams, maintaining momentum for a weekly gain of over 3%, having touched fresh highs of Rs 1,43,590 earlier in the week.
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