Gold edged lower ​on Friday and was set for a weekly loss, as rising crude oil prices and escalating U.S.-Iran tensions fed concerns that the Federal Reserve may keep monetary policy tight for longer. Spot gold fell 0.4% to $4,105.97 per ounce by 1106 GMT, leaving it down about 1.6% ​for the week. U.S. gold futures for August delivery slipped 0.6% to $4,114.80 per ​ounce. "Spot prices may once again test the $4,000 per-ounce level for psychological support ⁠should tensions escalate further and oil prices extend their rebound," said Han Tan, chief ​market analyst at Bybit. Oil was headed for a weekly gain after ... (full story)