LONDON – Uncertainty also lingered amid stalled peace talks between the United States and Iran.
Spot gold fell 0.3 percent to $4,694.26 an ounce. The precious metal declined about 2.5 percent last week, ending a four-week winning streak.
U.S. gold futures for June delivery also fell by 0.9 percent to $4,697.60.
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Oil prices climbed, while the dollar edged higher and U.S. stock futures slipped, as investors weighed ongoing risks of energy supply disruptions in the Middle East.
Markets are now focused on the U.S. Federal Reserve’s interest rate decision due next Wednesday, following a two-day policy meeting. The central bank is widely expected to maintain a cautious stance on monetary policy.
Among other precious metals, silver fell 0.3 percent to $75.48 an ounce, platinum declined by the same margin to $2,005.15, and palladium slipped 0.3 percent to $1,492.22.
