Gold prices edge lower as strong US labor data and easing Iran tensions weigh on demand
Gold prices fell 0.2 percent on Friday as robust U.S. labor data tempered rate cut hopes and easing tensions in Iran reduced safe-haven demand for the metal.
Insights:
Spot Gold Spot eased 0.2 percent to $4,604.29 per ounce by 0733 GMT on January 16, 2026, as investors weighed strong economic data against recent geopolitical developments. Despite the daily decline, the precious metal remains on track for a weekly gain of approximately 2 percent, having surged to a record peak of $4,642.72 on Wednesday, January 15. In the United States 
US, gold futures for February delivery also reflected the downward pressure, edging 0.3 percent lower to $4,608.90.
US, gold futures for February delivery also reflected the downward pressure, edging 0.3 percent lower to $4,608.90.
