Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal ​Reserve interest rate hikes. Spot gold was down 0.3% at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8%. US gold futures for August delivery rose 2.6% to $4,222.10. Gold fell ​to an over six-month low on Thursday before closing higher ​at $4,219.69 as US President Donald Trump called off planned ⁠military strikes on Iran and signalled an imminent peace deal. President ​Donald Trump on Thursday said the United States and Iran could sign ​a peace deal as soon as this ... (full story)