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fxJun 4, 2026, 11:08 PM

Gold Drops Below $4,500 as US-Iran Talks Stall, NFP Awaited

Gold edged lower to near $4,470 in early Asian trade on Friday, pressured by stalled US-Iran ceasefire negotiations and ahead of the US May nonfarm payrolls report.

XAUUSD

Gold (XAU/USD) slipped below the $4,500 mark, trading near $4,470 during the early Asian session on Friday.

The decline comes as US-Iran ceasefire talks have stalled, keeping geopolitical uncertainty elevated. Meanwhile, traders are bracing for the US May employment report (NFP), which could influence the dollar and further impact gold's direction.

The precious metal remains volatile amid the ongoing geopolitical backdrop and upcoming data.

Source: FXStreet Forex News