Gold prices edged down on Friday, as easing tensions in the Middle East prompted investors to move back to riskier vehicles.
Spot gold fell 0.1% to $1,550.66 per ounce U.S.
U.S. gold futures eased 0.2% to $1,551.60.
Meanwhile, global stocks rallied to hit record highs after comments from U.S. President Donald Trump and Iran pointed to a de-escalation in military tensions, even as the U.S. increased sanctions on Iran. Meantime, the U.S. House of Representatives on Thursday passed a resolution to stop Trump from further military action against Iran.
The shiny yellow metal had surged over $1,600 on Wednesday after Iran launched missile strikes on U.S. forces in retaliation to the killing of its top commander in a drone attack.
Elsewhere, palladium decreased 0.3% to $2,101.81 U.S. an ounce, having hit a record peak of $2,149.50 in the previous session on supply woes. For the week, the metal was set to post its best week since mid-June, rising nearly 6% so far.
Silver rose 0.2% at $17.93 U.S. per ounce, but was on track for its worst week in five, while platinum edged up 0.2% to $968.49 U.S.
