- Gold eased about 0.5% after hitting its highest since June 5 as investors locked in profits — analysts say a break above $4,400 could propel it toward $5,000 by year‑end.
- Softer U.S. jobs and inflation data cut the odds of a September Fed rate hike to roughly 33%, making non‑yielding gold relatively more attractive.
- Geopolitical tensions (Washington threatened an indefinite naval blockade of Iran) and declines in other metals like silver, platinum and palladium added to market jitters.
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