Gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace ​deal amid rising inflation and rate-hike fears. Spot gold was down 0.3% to $4,462.22 per ounce, as of 0049 GMT. It has fallen about 1.6% for the week so far. U.S. gold futures for August delivery fell 0.4% to $4,489. The Iran-backed Hezbollah ​rejected a new ceasefire in Lebanon and Israel said it would not ​withdraw troops from the country, undermining U.S. President Donald Trump’s efforts ⁠to halt fighting there to forge peace with Tehran. Kansas City Federal ​Reserve ... (full story)