Gold struggles to maintain its gains amid rising tensions with Iran and uncertainty over Federal Reserve policies, negatively impacting its demand as a safe haven.

Gold prices face difficulty in continuing the gains achieved during Thursday's session, as a range of geopolitical risks related to Iran and changing expectations about Federal Reserve interest rate policies still limit the rise in the precious metal's prices.
Despite the weakness of the US dollar, which usually supports gold, the market remains hesitant between safe-haven demand and the potential impact of the Federal Reserve adopting a less accommodative monetary policy.
Geopolitical premium versus Federal interest rate expectations
Renewed tensions in the Middle East, particularly those related to Iran, have supported gold prices, as investors seek a safe haven for value amid increasing uncertainty.
Reports of escalating military reviews and diplomatic tensions have added a geopolitical risk premium to the market.
However, this was not enough to cause a sustained increase in prices.