Gold futures settled $57.40 lower (-1.4%) at $4,038.90/oz, as easing geopolitical tensions, including renewed U.S./Iran negotiations, reduced safe-haven demand for bullion.
At the same time, a firmer dollar, higher Treasury yields, and expectations that the Fed will maintain a restrictive policy stance further pressured prices ahead of key U.S. labor data.
U.S. Dollar Index is down -0.3% to $101.10.